Yahoo Finance The Goodyear Tire&Rubber Earnings, Revenue Miss in Q1
Investing.com - The Goodyear Tire & Rubber Company (NASDAQ:GT) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
The Goodyear Tire&Rubber announced earnings per share of $-0.08 on revenue of $3B. Analysts polled by Investing.com anticipated EPS of $-0.03 on revenue of $3.34B. That with comparison to EPS of $0.19 on revenue of $3.6B in the same period a year before. The Goodyear Tire&Rubber had reported EPS of $0.19 on revenue of $3.71B in the previous quarter. Analysts are expecting EPS of $-0.13 and revenue of $3.36B in the upcoming quarter.
The Goodyear Tire&Rubber shares are down 56% from the beginning of the year , still down 67.39% from its 52 week high of $20.70 set on April 26, 2019. They are under-performing the Nasdaq which is down 5.61% year to date.
The Goodyear Tire&Rubber follows other major Consumer Cyclical sector earnings this month
The Goodyear Tire&Rubber's report follows an earnings missed by Nike on March 24, who reported EPS of $0.53 on revenue of $10.1B, compared to forecasts EPS of $0.59 on revenue of $9.81B.
Levi Strauss A had beat expectations on April 7 with first quarter EPS of $0.4 on revenue of $1.51B, compared to forecast for EPS of $0.35 on revenue of $1.46B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
P&G sees best U.S. sales in decades as shoppers stock up
Amazon prepping to launch super-fast grocery delivery service in UK: The Grocer
