Cooper Tire's sales, net income decline

摘要

FINDLAY, Ohio—Cooper Tire & Rubber Co. reported declines in operating and net income and sales for the first quarter ended March 31. Net income fell 19 percent to $45.4 million, while sales of $796.5 million were 7.6-percent below the year-ago quarter. Operating profit dropped 17.3 percent to $81 million, and thus fell one percentage point to 10.2 percent of net sales.