- Goodyear Tire & Rubber (NASDAQ:GT) is higher in early trading after a healthy beat with Q2 profit.
- Although the company faced pressure on the revenue line due to F/X, the sale of the North American motorcycle business, and the unwinding of a Venezuelan subsidiary - operating income held up better than anticipated.
- Segment operating margin: Europe/Middle East/Africa +320 bps to 11.7%, Americas -90 bps to 13.9%, Asia Pacific +30 bps to 17.4%.
- Goodyear backed prior 2016 targets.
- Goodyear Tire & Rubber +3.98% premarket to $29.02.