Goodyear Tire (GT) Tops Q3 EPS by 17c

Goodyear Tire (NASDAQ: GT) reported Q3 EPS of $0.36, $0.17 better than the analyst estimate of $0.19. Revenue for the quarter came in at $5.14 billion versus the consensus estimate of $5.3 billion.

GUIDANCE:

Since our last update, our fourth quarter results are expected to be negatively impacted by a fire in our factory in Poland (~$20 million discrete impact). Despite this development, we expect our fourth quarter volume to be the highest of any quarter this year and we continue to expect sequential margin expansion, reflecting strong price / mix benefits from our strategic focus on more premium, high-value segments of the market.

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

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