Goodyear Tire & Rubber Co. (GT) on Friday reported a profit for the second-quarter compared to a loss in the prior year. Quarterly sales rose 86 percent from last year, driven by higher volume, the Cooper Tire merger, increased sales from other tire-related businesses and favorable foreign currency translation. Both adjusted earnings per share and revenue beat analysts' estimates.
In Friday pre-market trade, GT was trading at $15.64 up $0.38 or 2.49 percent.
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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.