Goodyear Tire (GT) Tops Q4 EPS by 23c

Goodyear Tire (NASDAQ: GT) reported Q4 EPS of $0.99, $0.23 better than the analyst estimate of $0.76. Revenue for the quarter came in at $4.01 billion versus the consensus estimate of $3.96 billion.

Financial Targets

The company expects its full-year 2018 segment operating income to be between $1.8 and $1.9 billion. The company also has updated its 2020 segment operating income target and capital allocation plan:

Segment operating income target in 2020 of $2.0 to $2.4 billion.
The company's capital allocation plan includes growth capital, restructuring, debt/pension payments and a shareholder return program.

See the note at the end of this release for further explanation of forward-looking total segment operating income.

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

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