Goodyear profits rise, share price slides 20 percent

November 2009
Rubber & Plastics News;11/2/2009, Vol. 39 Issue 7, p3
Trade Publication
The article reports that Goodyear Tire & Rubber Co. recorded strong financial results in 2009's third quarter. The company's stock price slided 20 percent as investors focused on the poor outlook for the firm's North America business. Goodyear's net income for the quarter more than doubled to 72 million dollars from a year earlier. The firm expects the industry to grow in 2010, particularly for value-added tires.


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