AKRON, Ohio (AP) — AKRON, Ohio (AP) — The Goodyear Tire & Rubber Co. (GT) on Wednesday reported first-quarter earnings of $115 million.
On a per-share basis, the Akron, Ohio-based company said it had net income of 40 cents. Losses, adjusted for non-recurring gains, came to 4 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The tire maker posted revenue of $4.25 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $4.36 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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