— Shares of the tire company rose over 5% despite missing Wall Street's estimates in its first quarter. Cooper Tire & Rubber reported earnings per share of 14 cents. Analysts polled by FactSet expected a profit of 17 cents a share. Its management team, however, expects to improve operating profit margin in 2019.
— The driller's stock dropped 4.9% despite the company reporting a lower-than-expected first-quarter loss. Diamond Offshore reported a loss of 53 cents per share, while FactSet had estimated a loss of 59 cents per share. The company reported better-than-expected revenues of $233.5 million, versus an estimate of $232.9 million.
Source: News Formal (newsformal.com)
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