Goodyear tire sales in the third quarter of 2015 increased by 68% over the same period of last year
According to media reports, on October 29, 2015, Goodyear released its financial report that its net profit in the third quarter of this year increased by 68% compared with the same period of last year. Although its revenue declined, the company’s North American business profitability hit a record. The highest level of history.
Goodyear sold 42.5 million tires in the third quarter
In the fiscal quarter, Goodyear’s revenue was US$4.18 billion, a decrease of 10% from the same period of last year and it failed to reach the analyst’s average forecast of US$4.22 billion.
The company’s third-quarter net profit was 271 million US dollars, higher than the 161 million US dollars in the same period of last year. Earnings per share was 99 cents, which was 58 cents higher than the same period of last year, which exceeded the analyst’s average expectation of 97 cents.
In the quarter, Goodyear sold a total of 42.5 million tires , an increase of 1% over the same period last year; operating profit of the tire business was 599 million US dollars, higher than the 520 million US dollars in the same period of last year.
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