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The Goodyear Tire & Rubber Q3 adjusted earnings Miss Estimates

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

The company's bottom line came in at $351 million, or $1.48 per share. This compares with $129 million, or $0.50 per share, in last year's third quarter.

Excluding items, The Goodyear Tire & Rubber reported adjusted earnings of $163 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.3% to $3.93 billion from $3.92 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q3): $163 Mln. vs. $177 Mln. last year.
-EPS (Q3): $0.68 vs. $0.70 last year.
-Analysts Estimate: $0.75
-Revenue (Q3): $3.93 Bln vs. $3.92 Bln last year.

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