Goodyear Tire & Rubber Q2 2024 Adj. EPS $0.19 Beats $0.13 Estimate, Sales $4.570B Miss $4.780B Estimate
Portfolio Pulse from Benzinga Newsdesk
Goodyear Tire & Rubber (NASDAQ:GT) reported Q2 2024 adjusted EPS of $0.19, beating the estimate of $0.13, but sales of $4.570 billion missed the $4.780 billion estimate.
July 31, 2024 | 8:53 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Goodyear Tire & Rubber reported Q2 2024 adjusted EPS of $0.19, beating the estimate of $0.13, but sales of $4.570 billion missed the $4.780 billion estimate. The EPS beat is a positive sign, but the sales miss and year-over-year decline in sales may concern investors.
The EPS beat is a positive indicator of profitability, but the sales miss and year-over-year decline in sales could raise concerns about revenue growth. This mixed result may lead to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100