Goodyear's Q1: Pricing Power Suggests Better Days Are Ahead

Filed under: Goodyear Tire and Rubber (GT), Stocks to Buy

Is Goodyear Tire and Rubber Company's (GT) first quarter performance saying something about the state of pricing power in mid-2010? Perhaps.



Excluding items and one-time charges, Goodyear reported first quarter earnings of 18 cents per share, compared to the Thomson/Reuters First Call estimate of a loss of 2 cents. Wall Street initially pushed the shares up, but quickly took back the gains, and the shares are trading about where they were prior to the first quarter report: around $14.



First quarter revenue increased 21% to $4.3 billion. Tire shipments totaled 43.9 million, up 14% compared to a year ago.

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Goodyear's Q1: Pricing Power Suggests Better Days Are Ahead originally appeared on BloggingStocks on Mon, 03 May 2010 17:20:00 EST. Please see our terms for use of feeds.

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