Goodyear profit beats expectations
From Times Wire Services
Goodyear Tire & Rubber Co. said it swung to a profit in the first quarter by focusing on higher-priced tires and strong international markets.
The results from Akron, Ohio-based Goodyear beat Wall Street expectations and its shares rose 6%.
Goodyear earned $147 million, or 60 cents a share, in the quarter ended March 31, contrasted with a loss of $174 million, or 96 cents, a year earlier. Sales rose 9.8% to $4.94 billion.
