Bridgestone (OTCMKTS:BRDCY) Releases Earnings Results, Misses Estimates By $0.14 EPS

Bridgestone (OTCMKTS:BRDCY) posted its quarterly earnings data on Monday. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14), Zacks reports. The company had revenue of $7.34 billion during the quarter. Bridgestone updated its FY 2024 guidance to 3.300-3.300 EPS.

Bridgestone Stock Down 2.4 %

Shares of OTCMKTS BRDCY traded down $0.43 during mid-day trading on Wednesday, reaching $17.24. 2,618,089 shares of the company were exchanged, compared to its average volume of 145,155. The company’s 50 day moving average price is $18.67 and its 200 day moving average price is $19.82. Bridgestone has a 52 week low of $17.03 and a 52 week high of $23.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.56 and a current ratio of 2.39.

Bridgestone Company Profile

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.