02:27 PM EDT, 08/02/2024 (MT Newswires) -- Cooper-Standard Holdings ( CPS ) shares rose as much as 4.1% Friday, a day after the company reported a Q2 loss that narrowed more than expected.

The Q2 adjusted loss narrowed to $0.64 per diluted share from the loss of $1.15 a year earlier.

A lone analyst polled by Capital IQ expected a loss of $1.06.

Sales in the quarter ended June 30 fell to $708.4 million from $723.7 million a year earlier.

A lone analyst surveyed by Capital IQ projected $735.5 million.

The company cut its 2024 sales guidance to $2.7 billion to $2.8 billion from $2.8 billion to $2.9 billion. A lone analyst in a Capital IQ poll expects $2.87 billion.

Price: 14.26, Change: +0.53, Percent Change: +3.93