Goodyear Drops as Profit Forecast Pared on Europe
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Goodyear Tire & Rubber Co. fell less than a percent after the largest U.S. tiremaker said operating income this year would be lower than it originally forecast as it tries to repair its European operations.
Goodyear slipped 0.4 percent to $13.86 at the close in New York after plunging as much as 5.8 percent. The shares have risen 0.4 percent this year. Goodyear slid 2.5 percent in 2012, compared with a 13 percent gain for the Standard & Poor’s 500 Index.