NEW YORK ( TheStreet) -- Cooper Tire & Rubber ( CTB) stock surged above 5% after its earnings jumped in the fourth quarter and the company provided a satisfactory glimpse into its future. Cooper Tire & Rubber stock rose 5.6% to $18.80 Tuesday morning. Cooper Tire & Rubber says that, in considering recent market trends, its outlook remains cautiously optimistic. Currently the company believes that the tire industry and the global environment continue to be fluid. For the fourth quarter, Cooper Tire & Rubber reported net income of $39 million for the quarter ended Dec. 31, 2009, a $183 million improvement from the loss it suffered a year-ago period. The company reported net income of 63 cents per share. The fourth-quarter outcome for Cooper Tire & Rubber was driven by lower raw material costs, improved volumes and increased utilization of manufacturing capacity. Net sales were $773 million, up 22%, from the prior year. Cooper Tire & Rubber said that total light vehicle tire shipments for the company's North America segment in the U.S. increased by 22%, outpacing the total industry shipment. The Street consensus estimate for Cooper Tire & Rubber's fourth quarter was 47 cents a share on revenue of $721.87 million. Outcome during the quarter included restructuring charges of $12 million, primarily related to the closure of its Albany, Ga. facility. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.