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Good Q1 for Goodyear

April 29, 2010 – After a miserable Q1 in 2009, Goodyear Tire & Rubber bounced back in the first quarter of 2010.

Goodyear saw a net loss of $47 million ($0.19 per share), which included a $99 million charge related to the devaluation of Venezuela’s currency. However, the loss was significantly lower than Q1 2009 when the company lost $333 million.

Sales in the first three months of this year were brisk as the company saw revenues of $4.27 billion, up 21% from last year.

Read more at Tire Industry Today:
Goodyear Tires news – http://tires.einnews.com/news/goodyear-tires

Located at http://tires.einnews.com, Tire Industry Today is a service of EIN News, a global news monitoring service for researchers and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers the latest tire news from more than 7,000 news sites from around the world. Membership includes news delivery in Email and RSS formats. New members to Tire Industry Today can enjoy a no-obligation, 7-day trial.

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