In September 2010, Goodyear Tire reported net income of $0.13 per share compared to consensus analyst estimates of $0.1 per share, leading to a surprise of 30%.
In June 2010, Goodyear Tire reported net income of $0.12 per share compared to consensus analyst estimates of $0.05 per share, leading to a surprise of 140%.
In March 2010, Goodyear Tire reported net income of $0.18 per share compared to consensus analyst estimates of $-0.02 per share, leading to a surprise of 1000%.
In December 2009, Goodyear Tire reported net income of $0.14 per share compared to consensus analyst estimates of $-0.09 per share, leading to a surprise of 255.6%.
Goodyear reported earnings of $.45 per share in its fiscal quarter ending SEP09, beating analyst expectations of $.4 per share by $.05 per share, or 11.14%.
Titan International, Inc. announced on September 23, 2009 to sign a letter of intent with GT to purchase GT's certain farm tire assets. The agreement is non-binding. Titan International also plans to acquire Goodyear Dunlop Tires France (GDTF) Amiens North factory.
Goodyear reported earnings of $-.35 per share in its fiscal quarter ending JUN09, beating analyst expectations of $-.7 per share by $.35 per share.
Goodyear reported earnings of $-1.19 per share in its fiscal quarter ending MAR09, beating analyst expectations of $-1.38 per share by $.19 per share.
Goodyear reported earnings of $-1.22 per share in its fiscal quarter ending DEC08, beating analyst expectations of $-1.13 per share by $.09 per share, or -8.22%.
For the third quarter of 2008, Goodyear announced that sales increased to $5.17 B, from $5.06 B over the same period in 2007. However, earnings fell to $31 million from $668 million. This large drop in profit was a result of one time gains on the 2007 sale of GT's engineered products division, as well as a weaker US auto market. This was partially offset by strong demand from emerging markets and a shift amongst automakers toward the use of more highly engineered, and hence higher margin tires.[1]
Goodyear reported earnings of $.43 per share in its fiscal quarter ending SEP08, beating analyst expectations of $.33 per share by $.1 per share, or 28.74%.
Goodyear beat analyst estimates for earnings by nearly 50%. This was attributed to a weak dollar helping foreign sales, increases in premium high-margin tire sales, and commodity increases passed to consumers.
Goodyear posted a net loss of $174 million in the first quarter.
Goodyear changed to a 401(k) plan for its workers. This policy shift expects to reduce costs by more than $1 billion by the end of 2008.
