Goodyear Tire & Rubber Co.'s (GT) fourth quarter 2020 net income was $63 million or $0.27 per share compared to a net loss of $392 million or $1.68 per share a year ago. Quarterly adjusted net income was $103 million or $0.44 per share compared to adjusted net income of $45 million or $0.19 per share in 2019. Analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share for the quarter. Analysts' estimates typically exclude special items. Quarterly sales were $3.66 billion, down 2% from a year ago. The decline was driven by lower volume and unfavorable foreign currency translation. These factors were partially offset by improvements in price/mix. Analysts expected revenues of $3.61 billion for the quarter.
Tire unit volumes totaled 37.7 million, down 5% from the prior year's period. Industry demand during the quarter was affected by the continued economic disruption resulting from the COVID-19 pandemic.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.