Goodyear Tire & Rubber Q3 Adj $0.36 Beats $0.19 Estimate, Sales $5.14B Miss $5.31B Estimate
Portfolio Pulse from Benzinga Newsdesk
Goodyear Tire & Rubber (NASDAQ:GT) reported Q3 earnings of $0.36 per share, beating the analyst consensus estimate of $0.19 by 89.47%. However, the company's quarterly sales of $5.14 billion missed the analyst consensus estimate of $5.31 billion by 3.24%.
November 06, 2023 | 9:33 pm
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Goodyear's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Goodyear's earnings beat could boost investor confidence, but the sales miss might raise concerns about the company's revenue generation capabilities. This could lead to a neutral or mixed short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100