Goodyear Tire & Rubber Co (GT.OQ)
16 Feb 2018
Goodyear Tire & Rubber Co on Thursday cut its 2020 forecast for combined earnings of its three units amid higher prices for raw materials, overshadowing better-than-expected quarterly profit and revenue.
* CONTINUE TO EXPECT STRONG DEMAND IN REPLACEMENT BUSINESSES, SPECIFICALLY IN LARGER RIM SIZES - CEO ON CONF CALL
* GOODYEAR REPORTS FOURTH QUARTER, FULL-YEAR 2017 RESULTS; COMPANY OUTLINES FINANCIAL TARGETS, CAPITAL ALLOCATION PLAN
Feb 8 Goodyear Tire & Rubber Co, the biggest U.S. tire maker, reported a fourth-quarter loss on Thursday due to a $299 million charge related to changes in tax laws.
* SIGNS NEW SALES AGREEMENT WITH GOODYEAR DUNLOP TIRES OPERATIONS SA
* GOODYEAR TIRE & RUBBER CO SAYS PRELIMINARY Q4 TOTAL COMPANY VOLUME UP 2% - PRESENTATION
Goodyear Tire & Rubber Co , the largest U.S. tire maker, lowered its full-year forecast for the third time this year, amid weak demand and higher costs of raw materials such as oil and rubber.
* Shares fall 6.4 pct (Adds CEO quote, details; updates shares)
* Sees FY 2017 capital expenditures about $800 mln– $900 mln - presentation
Oct 27 Goodyear Tire & Rubber Co, the largest U.S. tire maker, reported a 59 percent drop in third-quarter profit, partly due to higher raw material costs.
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