Cooper-Standard Holdings Inc. (CPS) on Thursday reported second-quarter earnings of $40.9 million.
On a per-share basis, the Novi, Michigan-based company said it had profit of $2.20. Earnings, adjusted for restructuring costs, were $2.85 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The auto parts supplier posted revenue of $879.3 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $873.9 million.
Cooper-Standard expects full-year revenue in the range of $3.4 billion to $3.43 billion.