Goodyear Tire (GT) Misses Q4 EPS by 6c

Goodyear Tire (NASDAQ: GT) reported Q4 EPS of $0.59, $0.06 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.44 billion.

Tire unit volumes totaled 39.5 million for the fourth quarter of 2014. Original equipment unit volume was down 1 percent, primarily due to continued industry weakness in Latin America. Replacement tire shipments were down 4 percent, due to lower sales of winter tires in Europe resulting from one of the warmest winters on record.

Goodyear Tire reaffirmed FY2015 guidance.

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

You May Also Be Interested In

• Royal Caribbean to acquire 50% stake in Sandals Resorts for $3 billion
• Talos Energy closes $420M Gulf of America deepwater asset deal
• JPMorgan Upgrades Graphic Packaging Holding Company (GPK) to Overweight