Skip navigation
Newswire

Goodyear 2nd-qtr profit rises

July 31 (Reuters) - Goodyear Tire & Rubber Co's quarterly profit rose on lower selling, general and administrative costs.

Net income available to common shareholders rose to $85 million, or 33 cents per share, for the second quarter, from $40 million, or 16 cents per share, a year earlier.

Revenue fell 8 percent to $5.15 billion.

Selling, general and administrative costs fell 7 percent to $697 million.