Yahoo! Finance Story - Goodyear posts loss for quarter, to close plant - Yahoo! Finance

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On Thursday February 10, 2011, 7:32 pm EST

AKRON, Ohio (AP) -- Goodyear Tire & Rubber Co. reported Thursday its revenue rose 14 percent in the fourth quarter but it lost $177 million as it absorbed costs for its planned closure of a plant in Union City, Tenn.
Its adjusted earnings and revenue beat Wall Street expectations, and shares surged $1.79, or 14.3 percent, to $ in trading Thursday.
The Akron-based company, the biggest U.S. tire maker, said its loss amounted to 73 cents per share for the last three months of 2010, compared with net income of $107 million, or 44 cents a share, a year ago. Revenue rose to $5.07 billion from $4.44 billion a year ago.
Despite the loss, Goodyear reported improved results for all its businesses, with revenue per tire, excluding foreign currency issues, increasing 12 percent in the quarter.

Nota Ras Raka:-
jika benar berita ini, adakah goodyear korban pertama akan kenaikan harga getah dan crude oil antarabangsa?
aku pakai goodyear...kasihan, takkan brand ni tak laku kat pasaran dunia?
Goodyear posts loss for quarter, to close plant - Yahoo! Finance
Yahoo! Finance http://finance.yahoo.com/

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