UPDATE 1-Michelin shares motor higher after tyre maker vows higher profits [Reuters]
The Goodyear Tire & Rubber Company (GT)
Last the goodyear tire & rubber company earnings: 4/30 07:15 am
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Source: Reuters
UPDATE 1-Michelin shares motor higher after tyre maker vows higher profits | Reuters 2 Min Read * Shares surge to top of Paris’ CAC-40 index * Lifts shares of rivals such as Pirelli and Continental (Adds further details and analyst comments) By Sudip Kar-Gupta PARIS, Feb 12 (Reuters) - Michelin’s shares surged on Tuesday after the French tyre maker pledged further gains in operating profit this year despite challenging conditions in its main markets. Shares in Michelin, which also reported better-than-expected results for 2018 late on Monday, were up 11.6 percent in early trading. The stock was the best performer on France’s benchmark CAC-40 index. This put it on track for its best single day percentage performance since April 2009, and the gains added roughly 1.7 billion euros ($1.92 billion) to Michelin’s market capitalisation, which stands around 17.7 billion euros. “Michelin is able to sustain premium price points, while concurrently gaining market share â?? this is the perfect re
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Sec Filings
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- GT's page on the SEC website