Goodyear increases net income forecast for second quarter
The Goodyear Tire & Rubber Co. has amended its net income forecast for the second quarter.
The company, which had previously indicated that it was expecting a net income of between 5 cents and 10 cents per share, is increasing its forecast to anywhere from 10 to 15 cents per share.
Goodyear says the higher net income projection "is due to ongoing cost-reduction
initiatives and improved results from international operations."
Comparatively, Goodyear earned 5 cents per share in the second quarter of 2001.