Bridgestone misses Q3 earnings estimates, reporting $0.26 per share, down from forecasts.

Bridgestone Corporation reported lower-than-expected earnings of $0.26 per share, missing analysts' estimates by $0.14, with a quarterly revenue of $7.34 billion. The company's stock price decreased slightly to $17.67, with a trading volume higher than usual. Bridgestone also updated its FY 2024 earnings guidance to 3.300-3.300 EPS and has a debt-to-equity ratio of 0.14. Short interest in the company decreased significantly in October, indicating increased investor confidence.

November 13, 2024
4 Articles