Goodyear Tire and Rubber posted a profit for the third quarter on a 22 percent rise in revenue as its strategy of promoting high-end tires paid off even as the number of tires it sold was unchanged. The company, the biggest American tire maker, said its revenue was the highest for any quarter in its history. Goodyear reported net income of $161 million, or 60 cents a share, in the three months ended Sept. 30. It lost $20 million, or 8 cents a share, in the same quarter a year ago. Revenue rose to $6.1 billion from $5 billion a year ago. Its shares rose 4 percent, to close at $14.84.
Article source: http://feeds.nytimes.com/click.phdo?i=2f6ec5af9eb4b3a2dfe8795fc828449b
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