April 29, 2010 – After a miserable Q1 in 2009, Goodyear Tire & Rubber bounced back in the first quarter of 2010.
Goodyear saw a net loss of $47 million ($0.19 per share), which included a $99 million charge related to the devaluation of Venezuela’s currency. However, the loss was significantly lower than Q1 2009 when the company lost $333 million.
Sales in the first three months of this year were brisk as the company saw revenues of $4.27 billion, up 21% from last year.
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