Goodyear Tire (GT) Tops Q3 EPS by 5c
GT Hot Sheet
Revenue Growth %: +2.4%Financial Fact:
Income before Income Taxes: 56M
Today's EPS Names:
TARO, BRLI, TLB, More
Goodyear Tire & Rubber Co. (NYSE: GT) reports Q3 EPS of $0.45, 5 cents better than the analyst estimate of $0.40. Revenue for the quarter was $4.4 billion, which compares to the estimate of $4.26 billion.
Goodyear said it anticipates year-over-year global industry growth in 2010, especially in markets for tires featuring high-value-added features, larger rim diameters and fuel-efficient technology. The company's industry-leading new product engine, advantaged supply chain and reduced cost structure position it well to capitalize on these market opportunities.
Additionally, the company's strength in high-growth markets of the world in Asia, Latin America and Eastern Europe will allow it to leverage its advantages in these markets and capture a significant portion of that growth potential.
Goodyear said it anticipates year-over-year global industry growth in 2010, especially in markets for tires featuring high-value-added features, larger rim diameters and fuel-efficient technology. The company's industry-leading new product engine, advantaged supply chain and reduced cost structure position it well to capitalize on these market opportunities.
Additionally, the company's strength in high-growth markets of the world in Asia, Latin America and Eastern Europe will allow it to leverage its advantages in these markets and capture a significant portion of that growth potential.
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