Goodyear Tire (GT) Misses Q4 EPS Views; Sees Slower Growth in FY12, Flat Volumes
Goodyear Tire & Rubber (NYSE: GT) reported Q4 EPS of $0.03, $0.17 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $5.68 billion versus the consensus estimate of $5.88 billion.
Goodyear expects long-term growth in the global tire industry to continue, but at a slower pace near term than previously forecast due to continued economic weakness in multiple markets. The company expects that its full-year tire unit volume for 2012 will be essentially flat with 2011.
Goodyear expects long-term growth in the global tire industry to continue, but at a slower pace near term than previously forecast due to continued economic weakness in multiple markets. The company expects that its full-year tire unit volume for 2012 will be essentially flat with 2011.
For earnings history and earnings-related data on Goodyear Tire & Rubber (GT) click here.