Investing.com - The Goodyear Tire&Rubber reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
The Goodyear Tire&Rubber announced earnings per share of $0.1 on revenue of $3.46B. Analysts polled by Investing.com anticipated EPS of $-0.11 on revenue of $3.31B.
The Goodyear Tire&Rubber shares are down 36% from the beginning of the year, still down 42.27% from its 52 week high of $17.20 set on November 7, 2019. They are under-performing the Nasdaq which is up 24.66% from the start of the year.
The Goodyear Tire&Rubber shares lost 0.50% in pre-market trade following the report.
The Goodyear Tire&Rubber follows other major Consumer Cyclical sector earnings this month
The Goodyear Tire&Rubber's report follows an earnings beat by Tesla on October 21, who reported EPS of $0.76 on revenue of $8.77B, compared to forecasts EPS of $0.57 on revenue of $8,435M.
Sony ADR had beat expectations on Wednesday with second quarter EPS of $3.53 on revenue of $20.26B, compared to forecast for EPS of $0.96 on revenue of $18.47B.
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