Two companies with Northeast Mississippi ties reported first-quarter earnings.
• First, there's Cooper Tire & Rubber, which has a manufacturing plant in Tupelo, employing about 1,200 workers:
Cooper said its first-quarter profit rose 38 percent as sales rose nearly 10 percent.
It was the company’s 11th consecutive profitable quarter.
Cooper is the fourth-largest tire maker in the U.S.
Net income increased to $22 million, or 34 cents a share, compared to $16 million, or 25 cents a share a year earlier.
Revenue grew 9.9 percent to $984 million despite Cooper selling fewer tires. Higher pricing contributed to the gain.
Also reporting earnings this morning was Furniture Brands International, the parent of Lane Furniture, which has operations in Verona, Saltillo, Belden and Wren, employing about 2,000 workers.
FBI eked out a $379,000 profit, or 1 cent a share, compared to a $3.06 million loss, or 6 cents a share for the year-ago quarter.
Sales dropped 3.6 percent to $287.3 million, down from $297.9 million.