Goodyear Beats, Profits Jump
Goodyear Tire & Rubber Company (NYSE:GT) reported a profit of $161 million or 60 cents per share in the third quarter of 2011 in sharp contrast to a loss of $20 million or 8 cents per share in the same quarter of 2010. Excluding special items, profits leapt to $195 million or 72 cents per [...]
Goodyear Tire & Rubber Company (NYSE:GT) reported a profit of $161 million or 60 cents per share in the third quarter of 2011 in sharp contrast to a loss of $20 million or 8 cents per share in the same quarter of 2010.
Excluding special items, profits leapt to $195 million or 72 cents per share from $32 million or 13 cents per share in 2010 quarter. It was significantly higher than the Zacks Consensus Estimate of 25 cents per share. The increase in profit was attributable to improved price/mix … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards