AKRON, Ohio (AP) -- The Goodyear Tire & Rubber Co. on Friday reported a first quarter loss of $61 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Akron, Ohio-based company said it had a loss of 26 cents. Earnings, adjusted for non-recurring costs, were 19 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The tire maker posted revenue of $3.6 billion in the period.
Goodyear shares have declined 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. The stock has decreased 23% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GT at https://www.zacks.com/ap/GT