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Goodyear Tire & Rubber Lowers FY18 Segment Operating Income Outlook


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Goodyear Tire & Rubber Lowers FY18 Segment Operating Income Outlook


(RTTNews.com) - While reporting its third-quarter financial results, Goodyear Tire & Rubber Co. ( GT ) lowered its expectations for 2018 segment operating income to reflect the "increasingly challenging" industry environment.

Goodyear Tire now expects fiscal 2018 segment operating income to exceed $1.3 billion. Earlier, the company projected full-year segment operating income to total between $1.45 billion and $1.5 billion.

The revised outlook reflects the impact of higher raw material costs, which includes the negative impact of transactional currency headwinds, further industry weakness in China and economic volatility in Brazil.


Read the original article on RTTNews (http://www.rttnews.com/2948093/goodyear-tire-rubber-lowers-fy18-segment-operating-income-outlook.aspx)


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This article appears in: Fundamental Analysis , Stocks , Technology , Commodities , Earnings
Referenced Symbols: GT



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