Goodyear posts quarterly loss; revenue slumps |
Reuters - Apr 29, 2009 |
oodyear Tire & Rubber Co (GT.N) posted a quarterly net loss on Wednesday, pressured by the deep downturn in demand for tires from automakers and the replacement market.
Goodyear posted a net loss of $333 million, or $1.38 per share, in the first quarter, compared with a profit of $147 million, or 60 cents per share, a year earlier.
Revenue dropped to $3.5 billion from $4.9 billion.
Read Full Article from Reuters
- Posted: 2009-04-29 08:05:43
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