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Technical Analysis
- 2/18/2009 11:19:16 AM
By Chip Brian, SmarTrend Analytics Team
Goodyear Tire (NYSE:GT) reported a Q4 loss of $1.22 per share, missing analyst estimates of a loss of $1.03 per share. Net revenues in the quarter fell 19.9% year-over-year to $4.1 billion, coming in short of consensus estimates for $4.4 billion. Goodyear also said it plans to freeze salaries, slash an additional 5,000 jobs and sell non-core assets in an effort to cut costs and operating expenses by $700 million during fiscal 2009.
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