AKRON, Ohio -On Monday, Goodyear Tire & Rubber Co. (NASDAQ:GT) reported fourth-quarter results that topped analyst expectations.
Goodyear shares edged up 0.4% in after-hours trading following the earnings release.
The tire manufacturer posted adjusted earnings per share of $0.39, exceeding the consensus estimate of $0.30. Revenue came in at $4.94 billion, above Wall Street’s forecast of $4.91 billion.
Goodyear’s fourth-quarter sales declined 3.3% year-over-year, while tire unit volumes fell 4% compared to the same period last year. However, segment operating income rose 0.5% to $385 million.
For the first quarter of 2025, Goodyear expects earnings per share of $0.28 on revenue of $4.60 billion, both ahead of analyst projections.
The company also reaffirmed its Goodyear Forward targets, noting it expects significant deleveraging in 2025.
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