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Benzinga
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Goodyear Tire Says Tariffs 'Have Overshadowed Our Success': Here's How Much Trump's Fees Cost Them

1. Goodyear reported a loss of 17 cents per share, missing analyst expectations. 2. Revenue of $4.46 billion fell short of forecasts, indicating ongoing struggles. 3. Tariffs are a significant concern, impacting costs by around $350 million annually. 4. Company leadership is optimistic about stabilizing conditions in future quarters. 5. Stock price dropped 17% following the earnings report, exacerbating year-to-date losses.

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FAQ

Why Bearish?

The earnings miss and tariff impact suggest ongoing financial strain. Historical trends indicate such misses can lead to negative market reactions.

How important is it?

The article addresses Goodyear's direct financial struggles impacted by tariffs, crucial for investors.

Why Short Term?

Immediate concerns surround tariff costs and earnings misses, likely affecting next quarter's performance.

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