Goodyear Tire & Rubber Company reported a fourth-quarter profit beat and revenue miss early Wednesday. Earnings for the latest quarter were $561 million, or $2.14 per share. The company had a loss of $380 million, or a loss of $1.42 per share, in the year-earlier period. Adjusted earnings per share were 95 cents, compared with the FactSet consensus of 87 cents. Revenue sank to $3.7 billion from $4.1 billion, compared with the FactSet consensus of $3.9 billion. The latest results include the deconsolidation of the company’s subsidiary in Venezuela. The company expects to meet 2020 targets and increased its share buyback authorization by $1 billion. Goodyear shares have risen 13.4% over the last three months, compared with a 7.2% rise in the S&P 500 .
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