The Goodyear Tire & Rubber Company (GT) on Wednesday reported first-quarter results with a swing to a loss from a year earlier, as revenue declined and costs weighed on performance.
The company posted net sales of $3.88 billion for the three months ended March 31, 2026, down from $4.25 billion a year earlier. Net loss came in at $249 million, compared with net income of $115 million in the prior-year quarter.
Loss per share was $0.86, compared with earnings per share of $0.40 a year earlier.
GT is currently trading after hours at $7.12, down $0.18 or 2.45 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.