Goodyear Tire (GT) Tops Q4 EPS by 8c; Raises Buyback by $1B
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Goodyear Reports Fourth Quarter, Full-Year 2016 Results; Announces Increase to Share Repurchase Program
February 8, 2017 7:45 AM ESTAKRON, Ohio, Feb. 8, 2017 /PRNewswire/ --Â The Goodyear Tire & Rubber Company (NASDAQ: GT) today reported results for the fourth quarter and full-year of 2016.
"We delivered solid net income and record core segment operating income in 2016, driven by strong performance in our Americas and Asia Pacific consumer tire businesses," said Richard J. Kramer, chairman and chief executive officer. "Our results demonstrate continued sustainable earnings growth and disciplined execution of our strategy.
"While we expect raw material inflation to be a significant headwind in 2017, the... More
