Goodyear Falls After Missing Analysts’ Estimates
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Goodyear Tire & Rubber Co., the largest U.S. tiremaker, fell the most in more than 14 months after reporting a third-quarter profit that was below analysts’ estimates, hurt by lower sales in Europe.
Goodyear dropped 10 percent to $11.02 at the close in New York, the biggest drop since Aug. 18, 2011. The shares have slid 22 percent this year after advancing 20 percent in 2011.