Bridgestone (OTCMKTS:BRDCY) Announces Quarterly Earnings Results, Misses Expectations By $0.14 EPS

Bridgestone (OTCMKTS:BRDCY) announced its quarterly earnings results on Monday. The company reported $0.26 earnings per share 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 Price Performance

OTCMKTS:BRDCY opened at $17.24 on Thursday. The company has a 50 day moving average price of $18.67 and a 200-day moving average price of $19.82. Bridgestone has a 1-year low of $17.03 and a 1-year high of $23.05. The company has a quick ratio of 1.56, a current ratio of 2.39 and a debt-to-equity ratio of 0.14.

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.