AKRON, Ohio (AP) — AKRON, Ohio (AP) — The Goodyear Tire & Rubber Co. (GT) on Monday reported a loss of $57 million in its first quarter.
On a per-share basis, the Akron, Ohio-based company said it had a loss of 20 cents. Earnings, adjusted for non-recurring costs, came to 10 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The tire maker posted revenue of $4.54 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $4.78 billion.
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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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