- Published: May 2012
- Region: United States
Risk-to-Price Commentary: BorgWarner Inc. Apr 11
- Published: April 2011
- Standard & Poors
Shares in Goodyear Tire & Rubber Co. rallied more than 12% Friday after the tire company reported a first-quarter profit that trounced the Capital IQ consensus. Total sales climbed to a record high $5.4 billion on strength in North America. "Improvement in North American Tire is a critical element to achieving our targets. North American Tire's first quarter performance strengthens my confidence in our future," Goodyear CEO Richard Kramer stated. Goodyear reported a profit of $0.51 per share, while analysts expected $0.11. A year ago, the company earned $0.18 per share. The news from Goodyear follows a bullish report from the recovering Ford Motor Co. earlier in the week. On April 26, Ford reported first-quarter earnings of $0.62 per share,...
Companies mentioned in this report are: Cooper Tire & Rubber Co.,The Goodyear Tire & Rubber Co.,Johnson Controls Inc.,Harley-Davidson Inc.,Ford Holdings Inc.,Harley-Davidson Funding Corp.,BorgWarner Inc.
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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Cooper Tire & Rubber Co.,The Goodyear Tire & Rubber Co.,Johnson Controls Inc.,Harley-Davidson Inc.,Ford Holdings Inc.,Harley-Davidson Funding Corp.,BorgWarner Inc.