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INX:GT, Apr 23, 04:47 UTC

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Wednesday, April 17


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Earnings Preview: Goodyear (GT) Q1 Earnings Expected to Decline

GT

The market expects Goodyear (GT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2019. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Goodyear? For Goodyear, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Does Earnings Surprise History Hold Any Clue? While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Goodyear would post earnings of $0.60 per share when it actually produced earnings of $0.51, delivering a surprise of -15%.

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Tuesday, April 09


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Goodyear CTO to Deliver Keynote on Future Mobility Trends at Global Tire Industry Conference

GT

AKRON, Ohio, April 9, 2019 /PRNewswire/ -- Goodyear's Chief Technology Officer Chris Helsel will present the keynote address at the 35th Annual Clemson University Global Tire Industry Conference on Hilton Head Island, South Carolina, on April 11. His presentation will focus on the future trends in mobility, which Goodyear calls FACE, representing Fleets, Autonomous Vehicles, Connected Vehicles and Electric Vehicles. "But we are also embracing digital technology, such as our unique predictive servicing solutions and sensor-enabled products. Many of these new opportunities rely on data that is gathered, analyzed and applied to help us learn and form future mobility solutions." The company has led innovation in the global tire industry and with 120 years of tire and vehicle expertise, ranging from passenger vehicles and commercial trucks to aircraft and earthmovers, it is well positioned in terms of industry knowledge and infrastructure.

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Goodyear Declares Dividend on Common Stock

GT

AKRON, Ohio, April 9, 2019 /PRNewswire/ -- Directors of The Goodyear Tire & Rubber Company (GT) have declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable June 3, 2019, to shareholders of record on May 1, 2019. The payout represents an annual rate of 64 cents per share. Its two Innovation Centers in Akron, Ohio and Colmar-Berg, Luxembourg strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

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Monday, April 08


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Goodyear Holds Annual Meeting, Re-Elects Directors

GT

AKRON, Ohio, April 8, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) announced the re-election of 13 members of the Board of Directors to new one-year terms at the company's annual shareholder meeting today. In addition, shareholders voted in favor of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for 2019. A shareholder proposal to require that future board chairpersons be independent directors was not approved by the shareholders. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

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Monday, April 01


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The Goodyear Tire & Rubber Company (GT) Rises 2.92% for April 01

GT NDAQ

Among the biggest risers on the S&P 500 on Monday April 01 was The Goodyear Tire & Rubber Company ($GT), popping some 2.92% to a price of $18.68 a share with some 2.45 million shares trading hands. Starting the day trading at $18.41, The Goodyear Tire & Rubber Company reached an intraday high of $18.78 and hit intraday lows of $18.35. You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of The Goodyear Tire & Rubber Company, check out Stock Valuation Analysis tool for GT. To get more information on The Goodyear Tire & Rubber Company and to follow the company’s latest updates, you can visit the company’s profile page here: GT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk.

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Thursday, March 28


News

Heavy Duty Tires, 2024: World Market Dominated by Bridgestone, Continental, Goodyear, and Michelin Group

GT CON +1 more GT CON 5108

Dublin, March 28, 2019 (GLOBE NEWSWIRE) -- The "Global Heavy Duty Tires Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The market had been lagging for the last 2- 3 years as the industries with heavy-duty tire usage, like small loaders, skid steers, and backhoes were significantly less. Increased emphasis on federal and state funding for these infrastructural projects is a major driver of growth in the heavy-duty tire markets. Also, improving global economic environment and increasing emphasis on mechanization of agricultural activities is leading to experience an increase in the demand for harvesters, tillers, and shredders, and in turn will drive the demand for tires in these market.In 2017, majority of the European countries experienced growth in the agricultural machinery market when compared to its past two years declining records and the market is likely to continue to increase during the forecast period.

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Thursday, March 21


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Goodyear, Envoy Technologies Pilot Digital Service Solution for Shared, On-Demand EV Fleets

GT

AKRON, Ohio, March 21, 2019 /PRNewswire/ -- As a leading supplier of tires and solutions for future mobility, The Goodyear Tire & Rubber Company (GT) today announced a new pilot program with Envoy Technologies, a provider of shared on-demand, community-based electric vehicles (EVs). Envoy's fleet managers can see its fleet's status, schedule maintenance needs and update appointments with Goodyear's on-demand scheduling program, helping to keep its vehicles operational and avoid the typically unforeseen issues that might suddenly force a shared vehicle to be pulled from service. The two-year-old company recently passed a milestone of more than 100 vehicles deployed at partner sites with a pipeline of 1,800 vehicles to be launched in major metropolitan areas across the nation, including Portland, Seattle, Austin, Chicago, New York, Boston, Miami and Washington, D.C. "This pilot with Goodyear helps us provide more comprehensive fleet management services and ensures vehicle readiness for our customers," said Envoy co-founder Aric Ohana. Goodyear's effort with Envoy builds on a successful test program with Tesloop, a city-to-city mobility service that exclusively used Tesla electric vehicles, and the commercialization of Goodyear Proactive Solutions for truck fleets, using advanced telematics and predictive analytics technology to allow fleet operators to optimize fuel efficiency and precisely identify and resolve tire-related issues before they happen.

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Goodyear (GT) to Slash Jobs in Germany to Modernize Plants

GT

Goodyear (GT) to Slash Jobs in Germany to Modernize Plants. The Goodyear Tire & Rubber Company GT plans to cut 1,100 jobs in Germany. The Goodyear Dunlop Tires Germany GMbH’s facilities in Hanau and Fulda are the targeted plants.As a result of this rationalization effort, this Akron, Ohio-based tire manufacturing company expects charges of $135 million, with $90 million likely to be incurred in first-quarter 2019. It anticipates this rationalization plan to be completed in 2022.Goodyear is one of the largest tire manufacturing companies in the world, selling under Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other “house” brands (such as Lee, Kingstone, Douglas, Mohave and Republic) as well as private-label brands (namely Roadhandler, Star and Monarch).The company expects savings generated from this plan to raise the operating income for the Europe, Middle East and Africa business by $60-$70 million annually over period of 3 years, starting from 2020.Goodyear has an expected negative long-term growth rate of 4.9%.

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Tuesday, March 19


News

YourMechanic Adds Goodyear.com for Tire Sales and Installation Services

GT

AKRON, Ohio, March 19, 2019 /PRNewswire/ -- The Goodyear Tire & Rubber Company (GT) and its installer network of dealers will provide tire sales and installation services through goodyear.com to customers of YourMechanic, an interactive platform that delivers mobile repair, maintenance, inspection and reconditioning services directly to millions of consumer, mobility and fleet clients. "Drivers want efficiency and convenience as well as optimal vehicle performance, and YourMechanic delivers on those consumer demands with its technology-enabled service model," said Mike Dauberman, Goodyear's chief digital officer, North America Consumer. YourMechanic joins Goodyear's global innovation network that includes numerous customers, suppliers and independent start-up businesses all in the name of making the tire buying process easier. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

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Goodyear to cut 1,100 jobs in Germany as it cuts tire production, modernizes plants

GT

Goodyear Tire & Rubber Co. disclosed Tuesday that it expects to cut 1,100 jobs in Germany, as part of its plan to modernize tire manufacturing facilities and curtail production. The tire maker said it expects to record charges of $135 million, with $90 million recorded in the first quarter of 2019, as a result of the facility rationalization plan, which is expected to be completed during 2022. The company expects changes to the layout of the plants, efficiency gains from new equipment and the decision to curtail production of tires for declining, less profitable segments of the tire market to lead to the job cuts. Goodyear said the savings from the plan is expected to boost operating income for its Europe, Middle East and Africa business by an annualized $60 million to $70 million over a 3-year period beginning 2020.

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