UPDATE 2-Goodyear profit strong, but still sees weak demand

Newswire

By Ben Klayman DETROIT, April 26 (Reuters) - Goodyear Tire & Rubber Co on Friday posted a stronger-than-expected quarterly profit as lower raw material costs and increased sales of higher-priced tires offset weakness in Europe, but the company warned industry demand would remain weak. Shares of the tire maker were off 3.2 percent at $12.52 in afternoon trading on the Nasdaq. "This is reminiscent of the last few quarters," Citi ...

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Jul 26, 2016
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