Copyright Notice:
Transport Topics content is protected by U.S. copyright law and may not be used
without prior written
Permission.
Updated:
7/29/2010 12:00:00 PM
Goodyear’s 1Q Earns $28 Mln. in 2Q
Goodyear Tire & Rubber Co. said Thursday it returned to profit in the second quarter after a loss last year.
Its net income of $28 million, or 11 cents a share, compared with a loss of $221 million, or 92 cents, a year ago, the Akron, Ohio-based company said.
Excluding one-time items, the tire maker earned 12 cents per share, it said.
Tire sales to manufacturers rose 69% compare with a year ago in the North American unit, Reuters reported.
© 2010, Transport Topics Publishing Group. All rights reserved.