Goodyear (GT) Q4 Earnings Beat Expectations, Increase Y/Y

Goodyear Tire (GT) delivered fourth-quarter 2023 adjusted earnings per share (EPS) of 47 cents, surpassing the Zacks Consensus Estimate of 33 cents and increasing from 7 cents reported in the year-ago quarter.The company generated net revenues of $5.12 billion, falling 4.8% on a year-over-year basis and missing the Zacks Consensus Estimate of $5.35 billion due to lower replacement volume & third-party chemical sales.In the reported quarter, tire volume was 45.4 million units, down 3.8% from the year-ago per ...