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Goodyear Tires to Report Q1 Earnings on April 29th

Goodyear Tires firm is going to release its Q1 earnings report on Tuesday, April 29, 2014. And financial analysts expected to see a raise in profits.

Apr 26 2014, 5:34am CDT | by

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Goodyear Tires to Report Q1 Earnings on April 29th

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Goodyear Tires to Report Q1 Earnings on April 29th

Goodyear Tire & Rubber is going to announce its first quarter earnings report on Tuesday, April 29, 2014. Financial experts are expecting to see a positive earnings report. 

WSJ analysts are expecting to see an increase of 15 cents per share from previous year. Last year in same quarter, Goodyear Tires reported 45 cents per share profit. And now its projected profit is 60 cents per share.

However, Goodyear Tires has better estimation three months ago when its profit was 65 cents per share. But the profit was same in last month i.e. 60 cents per share. 

According to Forbes, "For the fiscal year, analysts are projecting earnings of $2.92 per share. Analysts project revenue to fall 1% year-over-year to $4.81 billion for the quarter, after being $4.85 billion a year ago. For the year, revenue is expected to come in at $19.57 billion.

Revenue has declined in the past two quarters. Revenue dropped by 1% year-over-year to $4.79 billion in the fourth quarter. The quarter before that, revenue dropped 5%."

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
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