India, Feb. 14 -- Shares of Goodyear Tire & Rubber Co. (GT) gained more than 5 percent in the after-hours trading on Thursday after the company reported a profit in its fourth quarter, compared to prior year's loss, despite weak revenues.
Further, the company reaffirmed expanded Goodyear Forward targets, with significant deleveraging expected in 2025.
Chief Executive Officer and President Mark Stewart said, "We exceeded our full year 2024 Goodyear Forward expectations and raised our targets for 2025, grew earnings and segment operating margins across all business units, and successfully reached agreements to divest non-core assets as part of our comprehensive strategic review. Moving forward, we remain committed to achieving our expanded ...