Third quarter woes blow Goodyear off target

Goodyear-TopekaAkron, Ohio –  Rising raw materials costs and slowing sales in the third quarter have led Goodyear Tire & Rubber Co. to cut its earnings forecast to $1.5 billion from a previously expected $1.6-1.65 billion.

For the three months to 30 Sept, Goodyear posted a 36% decline in operating income of $357 million in 2017, down from $556 million a year ago. on sales about 3% higher at $3.9 billion.

The Akron tire maker linked the earnings decrease…

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