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Goodyear Skids Following Fourth-Quarter Earnings Miss

Tony Owusu

fell 9% to close at $18.69 in trading on Friday after the Akron, Ohio-based company reported fourth-quarter results below analysts' expectations. Goodyear reported earnings of 51 cents a share, a wide miss from the 60 cents per share that analysts polled by FactSet were looking for. "While many of the macro challenges we faced in 2018 have extended into 2019, we continue to build on what we accomplished last year and remain focused on delivering a higher level of earnings over the longer term," CEO Richard Kramer said.