Goodyear Tire beats by $0.11, misses on revs (35.45)
- Reports Q1 (Mar) earnings of $0.74 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.63; revenues rose 0.2% year/year to $3.70 bln vs the $3.78 bln Capital IQ Consensus.
- "These results are a great outcome given an environment of rising raw material costs and weaker demand...While raw material inflation has moderated in recent weeks, we continue to expect a significant year-over-year headwind in 2017."
- Co confirms its 2017 segment operating income guidance of approximately $2.0 bln and its 2020 financial targets and capital allocation plan.