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Cooper-Standard Reports Q3 Loss with Decreased Revenue

Cooper-Standard Holdings Inc reported a Q3 loss, with EPS down from last year. Revenue also declined compared to the previous year. Analysts had lower projections, suggesting potential concerns for investors.

Date: 
AI Rating:   4

Cooper-Standard Holdings Inc (CPS) has reported several key financial figures indicating a challenging quarter. The company posted a net loss of -11.06 million in Q3, compared to a profit of 11.36 million in the same period last year. This decline is significant and suggests underlying issues affecting the company's performance.

The earnings per share (EPS) also took a hit, falling to -0.63 in Q3 from 0.65 a year ago. Additionally, when excluding certain items, Cooper-Standard indicated adjusted earnings of -12.01 million, equating to -0.68 per share. Notably, analysts had anticipated a larger loss, projecting EPS at -1.18.

The revenue aspect is also concerning, with a reported 685.35 million in Q3, a drop from 736.04 million in the same timeframe last year. This decline in revenue could adversely affect stock prices as it reflects a downturn in sales activities.

Furthermore, the full-year revenue guidance of 2.70 - 2.75 billion suggests that the company is bracing for ongoing challenges moving forward. This outlook may lead investors to reassess their confidence in the company's future performance.

Stocks:  CPS