Goodyear net profit fell 67% in quarter to 63.2 million euros

Article Abstract:

Goodyear Tire & Rubber Co. announced that it posted a 67% drop in its net income for the second-quarter of 1999. The company's net income was hurt mainly by struggling markets in emerging economies and by its aggressive strategy to lower inventory. Goodyear posted $65.7 million (63.2 million euros) in net income for the quarter. During the same period in 1998, the company posted $199 million.

Comment:

Posts 67% drop in net income for second-quarter of 1999

Tires, Tire Manufacturing (except Retreading)

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Goodyear Tire reports a loss

Article Abstract:

Goodyear Tire and Rubber Co. posted a higher than expected loss of $73.6 million for the 2003 second quarter. The company posted $28.9 million in net income for the same 2002 period.

GT

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Net profit nearly doubles; stock price increases 9.5%

Article Abstract:

Michelin SCA said its net profits in 2002 almost doubled to 580.8 million euros. The results caused the company's share value to rise by 9.5%.

France, Compagnie Generale des Etablissement Michelin

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