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Thursday, 13 February 2014 10:36

Strong North American 4Q leads Goodyear earnings

CLEVELAND (AP) - Strong fourth-quarter results in Goodyear's core North American market helped the tire maker beat Wall Street estimates. Its shares rose more than 3 percent in premarket trading. The Akron-based company said Thursday it earned $228 million, or 84 cents per share, on sales of $4.8 billion. After one-time charges, Goodyear earned 74 cents, beating the Wall Street estimate of 65 cents. The company had broken even on sales of $5 billion in the last quarter of 2012. In the most recent quarter, Goodyear's North American segment operating income rose 72 percent to $199 million. The number of tires sold worldwide increased 2 percent to 40.7 million. With a new labor agreement, Goodyear said it has halted production at an Amiens, France, factory with a contentious past and will close it by March.