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Friday
Apr292011

Goodyear Announces Record Sales in First Quarter

Goodyear Tire & Rubber Company/PRNewsFoto(AKRON, Ohio) -- The Goodyear Tire & Rubber Company came out with its first quarterly report of 2011 Friday, announcing sales of $5.4 billion, the highest its ever achieved in any quarter.

The tire company's record-breaking sales were up 27 percent from the same time period last year.  Goodyear also said its first quarter net income was $103 million, or 42 cents per share, reversing the net loss of $47 million it tallied in 2010.

Meanwhile, tire sales amounted to 46.8 million, an increase of nearly seven percent from last year.

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