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Goodyear on Pace for Worst Day Since 2011 on Downward Guidance Revision
Goodyear files an 8-K Tuesday saying that its tire unit volume fell in the fourth quarter.
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The news sent the stock tumbling 13% to $19.00 at the close of trading on Tuesday, its worst single day decline since 2011.
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Goodyear said that the operating earnings environment in China and India continued to decline, leading to the reduced outlook.
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As a result, the company now expects its operating income to come in slightly below its previous guidance of about $1.3 billion. Net income is also expected to be negatively impacted by the fourth-quarter weakness, though the company didn't provide details about the impact on net income.
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https://www.thestreet.com/investing/good...yptr=yahoo
GT -14,4 %, kann man jetzt günstig einsteigen...
![[Bild: GTc1dl1613.png]](https://finviz.com/publish/011519/GTc1dl1613.png)
Goodyear files an 8-K Tuesday saying that its tire unit volume fell in the fourth quarter.
...
The news sent the stock tumbling 13% to $19.00 at the close of trading on Tuesday, its worst single day decline since 2011.
...
Goodyear said that the operating earnings environment in China and India continued to decline, leading to the reduced outlook.
...
As a result, the company now expects its operating income to come in slightly below its previous guidance of about $1.3 billion. Net income is also expected to be negatively impacted by the fourth-quarter weakness, though the company didn't provide details about the impact on net income.
...
https://www.thestreet.com/investing/good...yptr=yahoo
GT -14,4 %, kann man jetzt günstig einsteigen...
