Bridgestone (OTCMKTS:BRDCY) Posts Earnings Results, Misses Estimates By $0.10 EPS

Key Points

• Bridgestone reported quarterly earnings of $0.20 EPS, missing analysts' estimates by $0.10 per share.
• The company's revenue for the quarter was $7.17 billion, falling short of the expected $7.39 billion.
• Despite the earnings miss, Bridgestone's stock saw a 3.1% increase, closing at $21.86 per share.

Bridgestone (OTCMKTS:BRDCY - Get Free Report) issued its quarterly earnings results on Friday. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.10), Zacks reports. The firm had revenue of $7.17 billion during the quarter, compared to analysts' expectations of $7.39 billion.

Bridgestone Stock Up 3.1%

BRDCY traded up $0.67 during trading on Friday, reaching $21.86. 54,142 shares of the company were exchanged, compared to its average volume of 41,723. The company's 50-day moving average is $20.65 and its two-hundred day moving average is $20.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.62 and a current ratio of 2.49. Bridgestone has a 12-month low of $15.90 and a 12-month high of $22.00.

About Bridgestone

Bridgestone Corporation, together with its subsidiaries, manufactures and sells tires and rubber products. The company offers tires and tire tubes for passenger cars, trucks, buses, construction and off-road mining vehicles, industrial and agricultural machinery, aircraft, motorcycles, scooters, and other vehicles; automotive parts; automotive maintenance and repair services; and raw materials for tires and other products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.