– The Goodyear Tire & Rubber Company (NASDAQ: GT) reported adjusted earnings of $0.45 per share for the third quarter of 2019, vs $0.52 per share expected
– Net income decreased to $88 million or $0.38 per share from $351 million or $1.48 per share in the third quarter of last year
– Third-quarter sales declined 3% annually to $3.8 billion, vs. $3.92 billion expected, hurt mainly by unfavorable foreign currency translation
– US consumer replacement shipments increased 3%; tire unit volumes dropped 1% from last year to 40.3 million
— Declared quarterly dividend of $0.16 per share, payable on December 2 to shareholders of record on November 1
– Goodyear shares gained modestly early Friday, after closing the last trading session lower
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,
