Actionable news
All posts from Actionable news
Actionable news in GT: The Goodyear Tire & Rubber Company,

Goodyear Tire's stock dives after slashed profit outlook offsets in-line earnings

Shares of Goodyear Tire & Rubber Co. GT, -0.59% plunged 9.3% in premarket trade Friday, after the tire maker slashed its 2017 profit outlook. Net profit for the quarter to June 30 fell to $147 million, or 58 cents a share, from $202 million, or 75 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to 70 cents, matching...