UPDATE: Goodyear Tire Posts Upbeat Q4 Profit, Lowers 2013 Forecast
Goodyear Tire & Rubber Co (NYSE: GT) posted a better-than-expected fourth-quarter profit, but lowered its 2013 view.
Its breakeven quarterly net income available to shareholders was down versus a profit of $18 million, or $0.07 per share, in the year-ago period. Excluding one-time items, the company earned $0.39 per share, versus analysts' estimates of $0.20 per share.
Its sales dropped 11% to $5.05 billion.
Goodyear Tire shares fell 2.08% to $13.62 in pre-market trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.