Goodyear of Turkey Falls After 1st-Quarter Profit Drops 50%
Stock Chart for Goodyear Lastikleri TAS (GOODY)
Goodyear Lastikleri dropped 4.5 percent to 53.50 liras at the close in Istanbul, the weakest since April 17, extending the company’s retreat this week to 10 percent.
First-quarter net income declined to 12.6 million liras ($7.2 million) from 25.2 million liras a year ago, according to a filing with the Istanbul Stock Exchange after the market closed yesterday.
To contact the reporter on this story: Aydan Eksin in Istanbul at firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.