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UPDATE: Goodyear Tire Q3 Profit Surges 48%

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Goodyear Tire & Rubber Co (NYSE: GT) reported a 48% rise in its Q3 profit and lifted its full-year outlook.

Goodyear Tire's quarterly net income surged to $173 million, from $117 million, in the year-ago period. Its earnings on a per-share basis came in at $0.62 per share. Excluding special items, it earned $0.68 per share, beating analysts' expectations of $0.67 per share.

Its revenue declined to $5 billion from $5.3 billion.

Goodyear Tire shares fell 2.18% to $21.57 in pre-market trading.

 

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