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Cooper Expected to Report Disappointing 4Q

(Clacton, U.K./Tyres & Accessories) Deutsche Bank analysts are expecting Cooper Tire & Rubber Co. to announce losses of $0.14 per share when the company releases its fourth quarter results. The analysts are already describing the period as “another weak quarter.”

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Cooper is said to have under-performed the market in recent times. According to the Deutsche Bank analysts, Cooper’s third quarter North American volume declined 6% compared with a drop of 1% across the market.

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In the same way the company’s second quarter N.A. volumes dropped 3% against a market increase of 2%. “And we believe our flat year-on-year shipment estimate for Cooper in 4Q may prove optimistic,” the analysts added. “While Cooper may be headed for profit improvement this year, execution problems and market share losses remain significant concerns,” the report concluded.

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