The Goodyear Tire & Rubber Announces 37% Gain In Q2 Earnings

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

The company said its bottom line totaled $314 million, or $1.16 per share. This was up from $229 million, or $0.84 per share, in last year's second quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $3.88 billion. This was down from $4.17 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q2): $314 Mln. vs. $229 Mln. last year. -Earnings Growth (Y-o-Y): 37.1% -EPS (Q2): $1.16 vs. $0.84 last year. -EPS Growth (Y-o-Y): 38.1% -Analysts Estimate: $1.03 -Revenue (Q2): $3.88 Bln vs. $4.17 Bln last year. -Revenue Change (Y-o-Y): -7.0%