Goodyear's (GT) Shares Rise 4.3% Since Q1 Earnings Beat

Shares of Goodyear Tire (GT) have risen 4.3% since the company reported first-quarter 2024 results. It reported first-quarter 2024 adjusted earnings per share (EPS) of 10 cents, surpassing the Zacks Consensus Estimate of breakeven earnings. The company had incurred a loss of 29 cents in the year-ago quarter.The company generated net revenues of $4.53 billion, which declined 8.2% on a year-over-year basis and missed the Zacks Consensus Estimate of $4.78 billion due to lower replacement volume.In the reported ...