Shares of 10 Firms Soar on Friday

4. The Goodyear Tire & Rubber Company (NASDAQ:GT)

The Goodyear Tire saw share prices rally by 17.26 percent on Friday to close at $9.58 apiece as investor sentiment was boosted by improvements in its earnings performance last year.

In a statement, GT said it achieved a net income of $72 million in the fourth quarter of 2024, reversing a $296 million net loss posted in the same period last year. Net income for the full year 2024 stood at $60 million, reversing a net loss of $687 million in 2023.

Revenues for the quarter, however, dipped 3.3 percent to $4.947 billion from $5.116 billion year-on-year, while revenues for the full-year comparable period declined 5.9 percent to $18.878 billion from $20.066 billion year-on-year.

For this year, GT reaffirmed its previous targets of delivering $1.5 billion in annual run-rate benefits, segment operating margin of 10 percent, gross proceeds above $2 billion from portfolio optimization, and a net leverage ratio of 2x to 2.5x.