=Goodyear Tire (GT) reported earnings on Fri 27 July 2018 (b/o)

Goodyear Tire beats by $0.01, reports revs in-line; lowers FY18 segment operating income guidance reflecting increased costs

• Reports Q2 (Jun) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.61; revenues rose 4.2% year/year to $3.84 bln vs the $3.85 bln Capital IQ Consensus.
• Outlook: The company expects its 2018 segment operating income to total between $1.45 billion and $1.5 billion (prior guidance $1.8-1.9 bln). The company has reduced its second-half outlook from the low end of the prior guidance to reflect a $130 million increase in raw material costs, a $60 million unfavorable swing in foreign currency due to a stronger U.S. dollar, and a $70 million headwind due to softening market conditions in China.

Earnings this week : July 23 - 27, 2018 (wk 30)

This week marks the first of three very heavy weeks of earnings reports -- roughly 1/3 of the S&P 500 will report quarterly results.

Monday (July 23)

• Morning: ITW HAL PHG HAS LII
• Afternoon: GOOG GOOGL AMTD CDNS STLD ZION WHR

Tuesday (July 24)

• Morning: VZ MMM UTX LLY LMT BIIB SHW KMB CNC PCAR IQV DGX WAT EDU TRU WAB
• Afternoon: T TXN SYK CB EQR AMP WCN TSS CSGP IEX WRB RHI TER CSL MKSI  USNA

Wednesday (July 25)

• Morning: UMC BA KO UPS TMO NEE ANTM GD NOC GM BSX NSC HCA WM AEP TEL SIRI SRE TROW APH FCAU HLT GLW FCX IR ROK DTE HES LH STM CHKP S GRUB USG SIX TRVG IMAX  OC  TUP

• Afternoon: FB V PYPL GILD QCOM MDLZ LVS VRTX F SU NOW ALGN ORLY XLNX MHK AMD EFX CTXS FTI RJF PKG UHS VAR AEM FFIV SNBR ECHO

  DRE TMK AGNC GGG SUI MEOH KRC EHC DLB KNX MPWR MAT CW TRN KEX CHE CLB AXS LSTR CLGX ASGN STAY FR CUZ MSA NGVT CVRR JBT CCMP ESV LM QEP ESRT PEB OII DDR ARI ALGT DRQ ROIC QTS FOE MTH FWRD BEAT FCPT CDE KRA WPG EIG TILE FARO ETH ANIK SFS SB AXTI BPI ABX GG CCJ

Thursday (July 26)

• Morning: RDS.A MA CMCSA MCD AUO MO BMY COP AZN CELG AGN RTN CME SPGI PX VLO MMC BAX KDP APD MPC SPOT LUV ALXN ROP MPLX MCK AAL CVE DHI LLL YNDX MLCO NLSN UAA PHM ALK ALKS RS HP XRX WWE DNKN B SAVE ALLY OAK CPG  AAN    NGD   

     XEL TAL IP PCG NEM HSY ABMD TECK AAL  EQT KKR CNHI MLM CMS YNDX LEA ODFL IVZ  LKQ LDOS TSCO BWA UAA PHM ALLE ICLR AXTA WST CFR  KIM EQM LAZ NOK NRZ ORI FAF BC UTHR CRI ENTG GRA EME VLY ADNT FCFS PAG SPB ARD BMS UBSI COR RDN VC PRLB PTEN SYNT NVCR  PENN COLB DLX TREE AB TPX VLP  FCN GWB NTCT AXE TSEM MNRO MINI CWT THRM PATK 

• Afternoon: LOGM  AUY  AMZN INTC AMGN SBUX EA AFL EW LRCX FTV DFS DLR WDC EIX EXPE HIG VRSN MXIM NOV TEAM CMG JNPR COLM PFPT FSLR BYD RARE FHB SAM NCR ISBC ELLI DECK SKYW BOFI EGHT IMPV ABAX MATW FIX MSTR 

Friday (July 27)

• Morning: GT  VIRT   XOM CVX MRK ABBV CL PSX AON MCO TWTR WY SYF ZBH

=Goodyear Tire (GT) reported earnings on Wed 8 Feb 2017 (b/o)

 Goodyear Tire beats by $0.08, misses on revs; confirms financial targets for 2020, expects flat y/y segment operating income in FY17 :

• Reports Q4 (Dec) earnings of $0.95 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.87; revenues fell 7.9% year/year to $3.74 bln vs the $3.87 bln Capital IQ Consensus.
• Guidance:
  • As a result of the continued escalation of raw material costs and the timing of the corresponding contractual adjustments to pricing with certain of its customers, the company expects flat year-over-year segment operating income in 2017 compared to 2016.
  • The co has confirmed its 2020 financial targets and capital allocation plan, which were announced on September 15, 2016.
• On Feb 2, 2017, the Board authorized a $1.0 billion increase in the share repurchase program, bringing the total authorization to $2.1 billion.

=Goodyear Tire (GT) reported earnings on Fri 28 Oct 2016 (b/o)

Goodyear Tire beats by $0.03, misses on revs; co lowers 2016 total segment operating income:

• Reports Q3 (Sep) earnings of $1.19 per share, $0.03 better than the Capital IQ Consensus of $1.16; revenues fell 8.1% year/year to $3.85 bln vs the $3.97 bln Capital IQ Consensus

Outlook:

• The co has confirmed its 2020 financial targets and capital allocation plan, which were announced on September 15, 2016. The company has revised its 2016 financial targets
• The co lowers full-year 2016 total segment operating income to be between $2.00-2.025 bln, down from ~$2.1-2.2 bln
• Co said, "our revised 2016 outlook reflects recent volatility impacting our U.S. commercial truck tire business. This near-term headwind will not have an impact on our value proposition or our ability to execute on our long-term plan."

-=Goodyear Tire (GT) reported Q1 earnings on Wed 27 Apr 2016 (b/o)

Goodyear Tire : Beats by $0.01 on lower than expected rev; reaffirms FY16 guidance :

• Reports Q1 (Mar) earnings of $0.72 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $0.71; revenues fell 8.3% year/year to $3.69 bln vs the $3.92 bln Capital IQ Consensus, largely due to unfavorable foreign currency translation of $141 million and the deconsolidation of the co's subsidiary in Venezuela.
• Tire unit volumes totaled 41.5 million, up 2 percent from 2015, driven by growth in the Asia Pacific region, primarily in Japan and China. Replacement tire shipments were up 2 percent. Original equipment unit volume was up 2 percent. Excluding the impact of the deconsolidation of Venezuela, unit volumes increased 3 percent.
• The company reported record first quarter segment operating income of $419 million in 2016, up from $388 million a year ago. The increase was driven by favorable price/mix net of raw materials and the impact of higher volume. These improvements were partially offset by the deconsolidation of the Venezuelan subsidiary and higher selling, administrative and general expenses. Core segment operating income, which excludes Venezuela, was $366 million in the year-ago quarter.
• Co reaffirmed its 2016 financial targets, which include: Core Segment Operating Income growth of between 10 percent and 15 percent (excludes Venezuela); Positive Free Cash Flow from Operations and An Adjusted Debt to EBITDAP ratio of 2.0x to 2.1x at year-end. Shareholder Return Program