The Goodyear Tire & Rubber Announces 14% Advance In Q3 Earnings

(RTTNews) - The Goodyear Tire & Rubber (GT) reported a profit for its third quarter that advanced from last year.

The company said its bottom line rose to $310 million, or $1.17 per share. This was up from $271 million, or $0.99 per share, in last year's third quarter.

Analysts had expected the company to earn $1.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.9% to $3.85 billion. This was down from $4.18 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q3): $310 Mln. vs. $271 Mln. last year. -Earnings Growth (Y-o-Y): 14.4% -EPS (Q3): $1.17 vs. $0.99 last year. -EPS Growth (Y-o-Y): 18.2% -Analysts Estimate: $1.18 -Revenue (Q3): $3.85 Bln vs. $4.18 Bln last year. -Revenue Change (Y-o-Y): -7.9%