European Rubber Journal

Goodyear cuts earnings forecast, again

0

Source: European Rubber Journal

Akron, Ohio -- Goodyear has lowered its expectations for fiscal 2018 operating income slightly “to reflect the increasingly challenging industry environment,” the company said in a third quarter financial statement.

For the quarter ended 30 Sept, segment operating income was down 1.3% to $362 million, while revenue inched up slightly to $3.93 billion, leaving the operating ratio unchanged at 9.2%.

Goodyear revised its operating income outlook to about $1.3 billion from the $1.45 billion to $1.5 billion estimate it made in the second quarter.

Customer comments

No comments were found for Goodyear cuts earnings forecast, again. Be the first to comment!