Goodyear Tire (GT) Misses Q3 EPS by 8c

Goodyear Tire (NASDAQ: GT) reported Q3 EPS of $0.68, $0.08 worse than the analyst estimate of $0.76. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.95 billion.

2018 Outlook

The company revised its expectations for 2018 segment operating income to reflect the increasingly challenging industry environment. The company expects its segment operating income to exceed $1.3 billion. This outlook reflects the impact of higher raw material costs, which includes the negative impact of transactional currency headwinds, further industry weakness in China and economic volatility in Brazil.

For earnings history and earnings-related data on Goodyear Tire (GT) click here.

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