Goodyear Surprises Analysts With Fourth-Quarter Profit


Crediting higher sales and favorable currency exchange rates, Goodyear Tire & Rubber (GT) reported Thursday it earned $107 million, or 44 cents a share, reversing a year-ago fourth-quarter loss of $330 million, or $1.37 a share. Despite a challenging economy and business environment, the world's third-largest tire maker said the quarter's results were solid as the company also benefited from lower prices for raw materials and other cost saving factors.