Plus   Neg

The Goodyear Tire & Rubber Q2 adjusted earnings Beat Estimates

The Goodyear Tire & Rubber (GT) reported earnings for its second quarter that advanced from last year.

The company's earnings came in at $157 million, or $0.65 per share. This compares with $147 million, or $0.58 per share, in last year's second quarter.

Excluding items, The Goodyear Tire & Rubber reported adjusted earnings of $150 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.1% to $3.84 billion from $3.69 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q2): $150 Mln. vs. $177 Mln. last year.
-EPS (Q2): $0.62 vs. $0.70 last year.
-Analysts Estimate: $0.61
-Revenue (Q2): $3.84 Bln vs. $3.69 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT