Market Overview

UPDATE: Goodyear Tire Posts Upbeat Q4 Profit, Lowers 2013 Forecast

Related GT
Morgan Stanley Sees Little Upside In European Autos
Jim Cramer Shares His Thoughts On AT&T And Cooper Tire & Rubber

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.

Posted-In: profitEarnings News


Related Articles (GT)

Around the Web, We're Loving...

Get Benzinga's Newsletters