Goodyear Beats But Profits Fall
By:
DailyMarkets.com
Posted on April 27, 2012 at 13:57 PM EDT
Goodyear Tire & Rubber Company (NYSE:GT) reported a 34% decline in profits to $84 million or 34 cents per share in the first quarter of 2012, from $127 million or 51 cents in the same quarter of 2011 (all excluding special items). However, profits were significantly higher than the Zacks Consensus Estimate of 8 cents [...]
Goodyear Tire & Rubber Company (NYSE:GT) reported a 34% decline in profits to $84 million or 34 cents per share in the first quarter of 2012, from $127 million or 51 cents in the same quarter of 2011 (all excluding special items). However, profits were significantly higher than the Zacks Consensus Estimate of 8 cents per share during the quarter.
Including special items, the company reported a loss of $11 million or 5 cents per share in the quarter, compared with a profit of $103 million or 42 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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