Goodyear: beats consensus in Q1

(CercleFinance.com) - Goodyear has reported Q1 adjusted net income that is down 35% at 122 million dollars, i.
e. 50 cents per share, four cents above the consensus.

The Akron, Ohio-based tyre manufacturer posted quarterly sales of 3.8 billion dollars, up 4%, despite a 2.5% decline in tyre volumes, at 39 million units.

Goodyear has confirmed its FY 2018 target for operating profit of between 1.8 billion and 1.9 billion dollars (excluding the TransitionHub transition, a joint venture to be formed with Bridgestone Americas), followed by 2 billion to 2.4 billion by 2020.


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