Goodyear Announces Profit Drops

By: AP
By: AP

Goodyear Tire says its third-quarter earnings were off sharply from last year, when it got a one-time, $517 million lift from the sale of a subsidiary. Its latest results still beat Wall Street expectations.

Akron-based Goodyear Tire & Rubber Co. said Monday it earned $31 million, or 13 cents per share, in the three months ending September 30.
That's down from $668 million, or $2.75 per share, a year ago.

The latest earnings work out to 43 cents before one-time items. That beats the 33 cents a share forecast by Wall Street analysts.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 33791664 - wibw.com/a?a=33791664