Goodyear Tire & Rubber gains after strong Q4 results

Goodyear Tire & Rubber

14/02/2025 16:15

** Shares of Goodyear Tire & Rubber  GT.O  rise ~18% to
$9.64 following the company's quarterly results that beat
analyst expectations
    ** GT is on track for biggest daily pct rise since May 2023
and highest close since mid-Dec last year
    ** Co reported after close on Thurs EPS of 39 cents vs
street estimate of 31 cents as well as 3.3% rise in rev to $4.95
bln vs street estimate of $4.87 bln, per LSEG data
    ** Among 10 analysts that cover GT, avg rating is "HOLD" and
median PT is $10.10, down from $12.20 in Nov
    ** GT is up ~7% YTD with today's move vs ~37% decline in
2024

 (Reporting by Chibuike Oguh in New York)
 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))