DETROIT (Reuters) - Goodyear Tire & Rubber Co <GT.N> showed a net profit of 42 cents per share on the highest sales of any quarter in company history, on strength in its home North American market.
Goodyear's first-quarter sales of $5.4 billion were up 27 percent from a year before.
Continue Reading Below
Its net income for the quarter of $103 million, or 42 cents per share, compares with a net loss a year ago of $47 million, or 19 cents per share.
Goodyear shares shot higher after its quarterly earnings report was issued on Friday, to $17.45, up 7.7 percent from its close on Thursday of $16.20.
(Reporting by Bernie Woodall, editing by Gerald E. McCormick)