Goodyear Has 1Q Sales Record.

Associated Press

Goodyear posts sales record, 1Q earnings of $103M
By THOMAS J. SHEERAN , 04.29.11

Goodyear Tire & Rubber Co.'s focus on high-end products helped it set a company sales record for any quarter and reverse a loss from the first quarter of 2010.
Goodyear reported Friday that it earned $103 million, or 42 cents per share, on revenue of $5.4 billion. That easily beat Wall Street estimates of 12 cents and $4.89 billion. In the first quarter of 2010, Akron-based Goodyear lost $47 million, or 19 cents a share, on revenue of $4.3 billion. Goodyear sold almost 7 percent more tires in the January-March period over the first quarter of 2010 and its per-tire revenue was up 15 percent, reflecting a goal of developing high-performance products. First-quarter revenue was aided by chemical sales in North America and currency exchanges.

Friday 4/29/11 > Goodyear Tire & Rubber Co. rose 12.8 percent to $18.28

Goodyear Tire & Rubber Co. sold more tires at higher prices in the first quarter, helping it set a company sales record for any quarter and reverse a loss from the first quarter of 2010.

In trading on Friday, rubber & plastics shares were relative leaders, up on the day by about 1.6%. Leading the group were shares of Goodyear Tire & Rubber , up about 13.3%