Goodyear Shares Rise 23% Since Q3 Earnings Beat Expectations
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Goodyear's shares have risen by 23% following a third-quarter earnings report that exceeded expectations. The company reported mixed results and adjusted its full-year 2024 capital expenditure forecast to $1.20 billion, down from $1.25 billion.
November 11, 2024 | 5:15 pm
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Goodyear's stock price increased by 23% after the company reported better-than-expected Q3 earnings. The company also revised its 2024 capital expenditure forecast down to $1.20 billion.
The significant rise in Goodyear's stock price is attributed to the positive market reaction to its Q3 earnings surpassing expectations. The downward revision of capital expenditures suggests a more efficient allocation of resources, which is generally viewed positively by investors.
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