The following is a summary of the recent earnings report for The Goodyear Tire & Rubber Company (GT):
In the fourth quarter, the company reported a loss of $291 million, a significant increase from a loss of $104 million during the same period in the previous year. Earnings per share (EPS) also saw a shift, resulting in a loss of $1.02 in this quarter as opposed to a loss of $0.37 in the corresponding period of the previous year.
However, upon excluding certain factors, The Goodyear Tire & Rubber Company posted adjusted earnings of $135 million, or $0.47 per share, for this period.
While analysts had previously projected a figure of $0.36 per share, the company's revenue was $5.12 billion for the fourth quarter, down from $5.37 billion reported in the same quarter of the previous year.
