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Cooper Tire (CTB) Stock Jumps on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Cooper Tire & Rubber (CTB) were spiking 6.89% to $36.67 on heavy trading volume late Monday afternoon after the company reported better-than-anticipated earnings for the 2016 third quarter.

Before the market open, the Findlay, OH-based tire maker reported adjusted earnings of $1.04 per diluted share, topping analysts' estimates of $1.01 per share.

Revenue fell 4% to $750.9 million year-over-year and was below analysts' estimates of $790.9 million.

Additionally, Cooper said its planned...