The Goodyear Tire & Rubber Company Stock News

Stocks that traded heavily or had substantial price changes Friday: Zillow, GoDaddy rise; Goodyear Tire, American Axle fall

Goodyear Tire & Rubber (GT) is down 24% in mid-day Friday trading despite the company reporting beat on both lines in its fourth quarter''s earnings results. Revenue of $5.05B…

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Group 1 (GPI) delivers Q4 earnings beat on higher-than-expected gross profits in its new-vehicle retail and used-vehicle retail segments.

Penske (PAG) delivers Q4 earnings beat on higher-than-expected gross profits in the Commercial Truck and Commercial Vehicles Australia/Power Systems segments.

The Goodyear Tire & Rubber Company (GT) CEO Rich Kramer on Q4 2021 Results - Earnings Call Transcript

Goodyear Tire & Rubber (NASDAQ: GT ) reported its Q4 earnings results on Friday, February 11, 2022 at 07:45 AM. Here''s what investors need to know about the announcement. Check out this: Executives Sell Around $44M Of 5 Stocks Earnings Goodyear Tire & Rubber beat … Full story available on Benzinga.com

Shares of Goodyear Tire & Rubber Co. jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from $63 million, or 27 cents a share, in the year-ago period. Excluding nonrecurring items, such as a $379 million tax benefit, adjusted earnings per share rose to 57 cents from 44 cents, beating the FactSet consensus of 32 cents. Sales grew 38.2% to $5.05 billion, boosted by the Cooper Tire acquisition, to top the FactSet consensus of $5.01 billion. Cost of sales rose 42.1% to $3.97 billion, as gross margin fell to 21.5% from 23.6%. "We achieved our highest fourth quarter revenue in nearly 10 years as demand for our products remained strong and we captured higher selling prices," said Chief Executive Richard Kramer. "Looking ahead, we expect inflationary pressures to persist over the next several quarters." The stock has lost 7.3% over the past three months through Thursday, while the S&P 500 has eased 3.1%.

Goodyear Tire & Rubber press release (GT): Q4 Non-GAAP EPS of $0.57 beats by $0.14.Revenue of $5.05B (+38.0% Y/Y) beats by $90M.Shares +3% PM.CEO comment: "Looking ahead, we…

AKRON, Ohio, Feb. 11, 2022 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full year of 2021. "We achieved our highest fourth quarter revenue in nearly 10 years as demand for our products remained strong and we captured

Pre-open movers U.S. stock futures traded lower in early pre-market trade after the Dow Jones tumbled more than 500 points in the previous session. Investors are awaiting earnings results from The Goodyear Tire & Rubber Company (NASDAQ: GT ), Under Armour, Inc. (NYSE: UAA ) and Genpact Limited (NYSE: G ). The University of Michigan''s consumer sentiment index for February is scheduled for release at 10:00 a.m. ET. Analysts expect consumer sentiment improving slightly to 67.5 in February from 67.2 in January. Futures for the Dow Jones Industrial Average dipped 146 points to 34,993.00 while the Standard & Poor’s 500 index futures fell 21.50 points to 4,476.00. Futures for the Nasdaq index fell 83 points to 14,618.00. Oil prices traded higher as Brent crude futures rose 0.3% to trade at $91.65 per barrel, while US WTI crude futures rose 0.4% to trade at $90.23 a barrel. The Baker Hughes North American rig count report for … Full story available on Benzinga.com

Shares of Goodyear Tire & Rubber Co. GT, -0.64% jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a ne

Here is how Goodyear (GT) and Stellantis (STLA) have performed compared to their sector so far this year.