OTHER NEWS - Feb. 10, 1993
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Goodyear, Goodrich Earnings Off: Goodyear Tire & Rubber Co. said its fourth-quarter earnings fell 16.7%, and it posted a $658.6-million loss for the year because of accounting charges. For the last three months of 1992, Goodyear earned $87.5 million, or $1.22 per share, down from $105.1 million, or $1.65 per share, a year earlier. Meanwhile, B.F. Goodrich Co. reported losses for the 1992 final quarter and the year, partly because of one-time charges and a weak market for chemicals and vinyl. For the quarter ended Dec. 31, the aerospace and specialty-chemical company lost $21.7 million, or the equivalent of 93 cents a share, against a $106.7-million loss, or $4.28 a share a year earlier, when the company had special one-time charges associated with phasing out its vinyl resin capacity.
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