USA: Goodyear Reports Results for Third Quarter, Nine Months
The Goodyear Tire & Rubber Company today reported a net loss of $6.6 million (4 cents per share) for the third quarter of 2000. Net income in the third quarter of 1999 was $109.1 million (69 cents per share). The 2000 results include after-tax rationalization charges of $1.2 million (1 cent per share) related to closing a manufacturing facility in Italy and a gain of $3.2 million (2 cents per share) resulting from a property sale in Mexico. Last year's results include various adjustments, most notably an after-tax gain of $143.7 million (90 cents per share) resulting from the completion of the company's Dunlop joint ventures in September 1999. All per share amounts are diluted.