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Home Business Oil & Auto

Goodyear Tire & Rubber Reports 12% Advance In Q3 Bottom Line

The FINANCIAL by The FINANCIAL
October 29, 2015
in Oil & Auto
Reading Time: 1 min read
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The FINANCIAL — Goodyear Tire & Rubber reported earnings for its third quarter that gained ground compared to the same period last year, according to Nasdaq.

The company said its bottom line totaled $271 million, or $0.99 per share. This was higher than $242 million, or $0.87 per share, in last year’s third quarter.

Analysts had expected the company to earn $0.97 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

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The company said revenue for the quarter fell 10.3% to $4.18 billion. This was down from $4.66 billion last year.

Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q3): $271 Mln. vs. $242 Mln. last year.

-Earnings Growth (Y-o-Y): 12.0%

-EPS (Q3): $0.99 vs. $0.87 last year.

-EPS Growth (Y-o-Y): 13.8%

-Analysts Estimate: $0.97

-Revenue (Q3): $4.18 Bln vs. $4.66 Bln last year.

-Revenue Change (Y-o-Y): -10.3%

 

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