Cooper-Standard Holdings Q2 EPS $(1.15) Beats $(1.86) Estimate, Sales $723.74M Beat $702.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cooper-Standard Holdings (NYSE:CPS) reported Q2 losses of $(1.15) per share, beating the analyst consensus estimate of $(1.86) by 38.17%. This is a 66.18% increase over losses from the same period last year. The company also reported quarterly sales of $723.74 million, beating the analyst consensus estimate of $702.50 million by 3.02%. This is a 19.45% increase over sales from the same period last year.
August 04, 2023 | 2:32 pm
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Cooper-Standard Holdings reported better than expected Q2 results with losses per share and sales beating estimates. The company's losses per share improved by 66.18% YoY and sales increased by 19.45% YoY.
Cooper-Standard Holdings reported better than expected Q2 results, with both losses per share and sales beating analyst estimates. This indicates a strong performance by the company, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100