Investing.com - Goodyear Tire & Rubber Co reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Goodyear Tire & Rubber Co announced earnings per share of $0.46 on revenue of $5.21B. Analysts polled by Investing.com anticipated EPS of $0.363 on revenue of $5.04B.
Goodyear Tire & Rubber Co shares are down 41% from the beginning of the year, still down 49.50% from its 52 week high of $24.89 set on November 5, 2021. They are under-performing the Nasdaq which is down 18.69% from the start of the year.
Goodyear Tire & Rubber Co shares gained 5.09% in pre-market trade following the report.
Goodyear Tire & Rubber Co follows other major Consumer Discretionary sector earnings this month
Goodyear Tire & Rubber Co's report follows an earnings missed by Amazon.com on July 28, who reported EPS of $-0.2 on revenue of $121.23B, compared to forecasts EPS of $0.1199 on revenue of $119B.
Tesla had beat expectations on July 20 with second quarter EPS of $2.27 on revenue of $16.93B, compared to forecast for EPS of $1.81 on revenue of $16.54B.
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