Cooper Tire & Rubber Co.
) announced that its latest product Discoverer HT3 tire family is
now available with the dealers across the country. Discoverer HT3
is a smart option for business owners and it occupies about 96%
of the light truck highway market share.
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Cooper's Discoverer HT3 tire is equipped with modern technology
such as silica infused tread compound and full depth 3D
micro-gauge siping. This helps in improving the performance of
the truck on highways. Discoverer HT3 also features a continuous
shoulder rib, which provides better resistance to irregular wear
and ensures less noise during a ride.
The HT3 tire is offered in R and S speed ratings and comes in 17
sizes varying from 15- to 18-inch rim diameters. It can be used
in light trucks and small fleet delivery vehicles for highway or
commercial driving. The small fleet delivery vehicles include
Ford Motor Company
) Ford E-Series, Ram Cargo,
General Motor Company
) Chevy Express and
Nissan Motor Co. Ltd.
) Nissan NV Cargo vans.
Cooper Tire posted earnings of 55 cents per share in the second
quarter of 2013, down 33% from 82 cents in the prior-year
quarter. The results lagged the Zacks Consensus Estimate of 89
cents by a substantial margin. Net earnings also declined
significantly to $35 million from $52 million in the second
quarter of 2012.
Revenues of Cooper Tire fell 16.5% year over year to $884 million
in the second quarter of 2013, missing the Zacks Consensus
Estimate of $986 million.
Cooper Tire currently carries a Zacks Rank #5 (Strong Sell).