Cooper-Standard Holdings Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Cooper-Standard Holdings Inc (CPS) reported a profit for its first quarter that rose from last year.

The company's earnings came in at $56.79 million, or $3.07 per share. This compares with $41.71 million, or $2.20 per share, in last year's first quarter.

Excluding items, Cooper-Standard Holdings Inc reported adjusted earnings of $63.79 million or $3.45 per share for the period.

Analysts had expected the company to earn $2.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $967.39 million from $902.05 million last year.

Cooper-Standard Holdings Inc earnings at a glance:

-Earnings (Q1): $63.79 Mln. vs. $55.87 Mln. last year. -EPS (Q1): $3.45 vs. $2.95 last year. -Analysts Estimate: $2.91 -Revenue (Q1): $967.39 Mln vs. $902.05 Mln last year.

-Guidance: Full year revenue guidance: $3.55 - $3.60 Bln