Cooper-Standard Holdings Q3 2024 Adj. EPS $(0.68) Beats $(1.18) Estimate, Sales $685.353M Beat $663.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cooper-Standard Holdings reported a Q3 2024 adjusted EPS of $(0.68), beating the estimated $(1.18). Sales were $685.353M, surpassing the $663.000M estimate, despite a 6.89% decrease from last year's $736.038M.
October 31, 2024 | 8:41 pm
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Cooper-Standard Holdings' Q3 2024 results show a better-than-expected EPS of $(0.68) and sales of $685.353M, beating estimates. However, sales decreased by 6.89% compared to last year.
The better-than-expected EPS and sales figures are positive indicators for CPS, likely leading to a short-term stock price increase. However, the year-over-year sales decline may temper long-term investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100