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Earnings tumble for Goodyear

Published on .

Akron, Ohio--Goodyear Tire & Rubber Co., the world's largest tire maker, on Thursday said its third-quarter earnings fell as weak markets were disrupted by the Sept. 11 terrorist attacks. The company reported net income of $9.3 million, or 6 cents a share, compared with $17 million, or 11 cents a share, a year earlier. The 2000 figures include a one-time gain of $2 million, or 1 cent a share. Goodyear also said sales increased to $3.7 billion from $3.6 billion. Analysts' earnings estimates ranged from 4 cents to 23 cents a share, with an average estimate of 5 cents, according to Thomson Financial-First Call.
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