The Goodyear Tire & Rubber Bottom Line Advances 32% In Q1

(RTTNews) - The Goodyear Tire & Rubber (GT) revealed a profit for its first quarter that increased from last year.

The company said its bottom line totaled $195 million, or $0.72 per share. This was higher than $148 million, or $0.54 per share, in last year's first quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.2% to $3.69 billion. This was down from $4.02 billion last year.

The Goodyear Tire & Rubber earnings at a glance:

-Earnings (Q1): $195 Mln. vs. $148 Mln. last year. -Earnings Growth (Y-o-Y): 31.8% -EPS (Q1): $0.72 vs. $0.54 last year. -EPS Growth (Y-o-Y): 33.3% -Analysts Estimate: $0.71 -Revenue (Q1): $3.69 Bln vs. $4.02 Bln last year. -Revenue Change (Y-o-Y): -8.2%