Goodyear Q3 Profits Up 51%

By Kevin Davis on Wednesday, October 30th, 2013

Goodyear Tire & Rubber' third-quarter profit rose 51% on strong performances in Latin America and North America.

The tire maker earned $166 million, or 62 cents per share, for the July-September period. Excluding charges, the company earned 68 cents per share, beating the Wall Street estimate by 1 cent.

Revenue fell 6%, to $5 billion from $5.26 billion.

Source: The Associated Press via Detroit Free Press