AKRON, Ohio – AKRON, Ohio (AP) _ The Goodyear Tire & Rubber Co. (GT) on Friday reported third-quarter net income of $317 million.
On a per-share basis, the Akron, Ohio-based company said it had profit of $1.19. Earnings, adjusted for non-recurring gains, came to $1.17 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The tire maker posted revenue of $3.85 billion in the period.
Goodyear shares have decreased almost 5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 4 per cent. The stock has decreased slightly more than 4 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GT at https://www.zacks.com/ap/GT
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Keywords: Goodyear, Earnings Report, Priority Earnings
