UPDATE 2-Goodyear posts 1st-qtr profit on price hikes, forex

Newswire

(Recasts, adds sales by segment, stock activity, background) DETROIT, April 25 (Reuters) - Goodyear Tire & Rubber Co posted a stronger-than-expected quarterly profit on Friday, driven by price hikes, sales of more expensive tires and favorable foreign exchange rates. Goodyear, the largest U.S. tiremaker, said the slowing U.S. economy remained a concern, but it was on track to meet long-term cost-cutting goals. Its stock rose 5 percent in premarket trade. Goodyear sold fewer tires ...

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