Goodyear Reports Third-Quarter Revenue of $4.54B, EPS Loss of $0.82
Third-quarter sales fell 2.3% year over year, while Goodyear’s net loss narrowed sharply. Lower tire volume and divestitures weighed on sales and segment operating income; earnings improved mainly due to prior-year tax and goodwill charges.
Goodyear’s third-quarter sales declined 2.3% year over year, while its net loss narrowed sharply. Lower tire volume and divestitures weighed on sales and segment operating income; earnings improved mainly because prior-year results included a U.S. deferred-tax valuation allowance and a goodwill imp…