Categories Consumer, Earnings

The Goodyear Tire & Rubber Company (GT): Q4 2019 Earnings Snapshot

— The Goodyear Tire & Rubber Company (NASDAQ: GT) reported Q4 2019 earnings of $0.19 per share, vs. $0.52 expected.

— Sales fell 4% to $3.7 billion, vs. $3.8 billion expected.

— Tire unit volumes fell 2% to 39.6 million.

— Original equipment unit volume fell 10%.

— Sales in the Americas segment dropped 4% to $2 billion.

— Sales in Europe, Middle East and Africa decreased 6% to $1.1 billion.

— Sales in Asia-Pacific fell 1% to $546 million.

— GT shares were down 5.5% in premarket hours on Tuesday.

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