Goodyear Tire reports Q2 adjusted EPS 19c, consensus 13c

Reports Q2 revenue $4.6B, consensus $4.78B. “We demonstrated clear progress on our Goodyear Forward plan in the second quarter, achieving significant margin expansion and securing a definitive agreement to sell our Off-the-Road business,” said CEO and President Mark Stewart. “Our associates are dedicated to delivering Goodyear Forward, and their commitment is especially critical as we look to a second half affected by weaker underlying trends in the industry. I continue to be confident in our ability to deliver Goodyear Forward and 10% segment operating income margin by the end of next year.”