Saturday, October 29, 2011

Summary Box: Goodyear moves to 3Q profit (AP)

RESULTS: Goodyear reported net income of $161 million, or 60 cents per share, on revenue of $6.1 billion, compared with a loss of $20 million, or 8 cents a share, on $5 billion in revenue a year earlier.

WHAT'S UP: Revenue rose 18 percent in North America, 31 percent in Europe-Middle East-Africa, 14 percent in Latin America and 21 percent in the Asia-Pacific region.

THE STRATEGY: Goodyear says targeting high-end tire sales helped offset rising raw material costs.

Source: http://us.rd.yahoo.com/dailynews/rss/earnings/*http%3A//news.yahoo.com/s/ap/20111028/ap_on_bi_ge/us_earns_goodyear_summary_box

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