Goodyear is trading 5.27% down at $4.31 after an adjusted third-quarter loss of $0.11 per share, worse than analysts expected.
- Sales were $4.5 billion, while tire volumes fell 3.3%.
- Management cited persistent challenging industry conditions and announced a new transformation office.
- Broader selling weighed on stocks: industrials fell 2.61%, and major indexes were sharply lower.