Goodyear Tire & Rubber reported an increase in second-quarter profit and revenue as higher prices and volumes offset higher material costs and coronavirus-related distortions in China. The stock is up 5%. Tire volumes increased 21% over the prior year, driven in part by Goodyear’s acquisition of Cooper Tire. Price increases and higher sales volumes helped […]
Tag: Goodyear
Goodyear contributes to the fight to protect the environment
Goodyear, within the framework of its corporate responsibility strategy, Goodyear Better Future and remaining true to its values of protecting the environment, preserving biodiversity and giving back to society, in practice supports the work of organizations that are at the forefront of protecting the country’s natural wealth . In particular, Goodyear donated tires to the […]
Goodyear: Jump 4% of the stock, better-than-expected earnings
Goodyear Tire & Rubber shares jumped 4% in pre-conference trading as the tire company reported net quarterly earnings higher than expected as revenue rose to a 10-year high and higher selling prices helped offset inflationary pressures. Net income rose to $ 553 million, or $ 1.93 a share, from $ 63 million, or 27 cents […]