BUZZ-Goodyear Tire & Rubber gains after strong Q4 results

Reuters

02-15

BUZZ-Goodyear Tire & Rubber gains after strong Q4 results

** 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))

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