The Goodyear Tire & Rubber Co. on Thursday reported a boost in third-quarter profit on lower costs, but revenue slumped on lower sales of tires and a stronger US dollar.
Advertisement
Eldorado Gold Corporation (EGO) of the Basic Materials sector is up 2.00% so far today trading at $4.08 at a volume of 415624 shares.
The Goodyear Tire & Rubber Company (GT – Analyst Report) is one of the world’s largest tire manufacturing companies, selling under Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other brands. During last six month period, the net percent change held by insiders has seen a change of -14.53%.
Moreover, the company delivered positive earnings surprises in each of the last four quarter with an average beat of 14.44%. Also, tire sales in every region fell. The earnings report after that one will be on February 16, 2016, and the report for the fiscal year will be made available on February 16, 2016. The company has a 52-week high of $33.25. Earnings per share were 9.82. The company has a market cap of $8,747 million and there are 269,398,560 shares in outstanding.
Advertisement
4077.066. This represents a 2.328% difference between analyst expectations and the The Goodyear Tire & Rubber Company achieved in its quarterly earnings. Pricingp ressure from original equipment manufacturers also negatively impacts the company’s profit margins. The Company also manufactures and markets rubber-related chemicals for various applications. During the year ended December 31, 2011, the Company operated approximately 1,400 tire and auto service center outlets where it offered its products for retail sale and provided automotive fix and other services. More than half of its revenue comes from outside the United States. The North American Business Unit is largely responsible for that result. The return on investment for Commercial Metals Company (CMC) is now 6.70% and weekly performance of 1.050%.
