Goodyear posts 1st-quarter profit vs year-ago loss

Newswire

DETROIT, April 25 (Reuters) - Goodyear Tire & Rubber Co posted a quarterly profit on Friday as price hikes and increased sales of more expensive tires offset rising raw materials costs and a slowing U.S. economy. Goodyear, the largest U.S. tiremaker, had net profit of $147 million, or 60 cents per share, compared with a net loss of $174 million, or 96 cents per share, a year earlier. Sales rose 9.8 percent to $4.94 billion. Goodyear earned 67 cents per share, excluding one-time ...

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