Cooper-Standard Holdings Inc Q2 adjusted earnings Miss Estimates

(RTTNews) - Cooper-Standard Holdings Inc (CPS) released a profit for its second quarter that advanced from the same period last year.

The company's earnings came in at $41.88 million, or $2.28 per share. This compares with $40.46 million, or $2.14 per share, in last year's second quarter.

Excluding items, Cooper-Standard Holdings Inc reported adjusted earnings of $50.30 million or $2.74 per share for the period.

Analysts had expected the company to earn $3.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.1% to $928.26 million from $909.15 million last year.

Cooper-Standard Holdings Inc earnings at a glance:

-Earnings (Q2): $50.30 Mln. vs. $49.02 Mln. last year. -EPS (Q2): $2.74 vs. $2.60 last year. -Analysts Estimate: $3.09 -Revenue (Q2): $928.26 Mln vs. $909.15 Mln last year.

-Guidance: Full year revenue guidance: $3.60 - $3.70 Bln