ERJ staff report (DS)
Akron, Ohio -- Net income at Goodyear for the three months to September 2008 fell to just $31 million, compared with $668 million in the third quarter of 2007. Goodyear received an extraordinary gain of $517 million in that quarter, following the sale of Goodyear Engineered products. For the nine months ended September, net income fell by half, to $253 million, compared with $550 million a year earlier.
Sales hit record levels for the three-month period and the nine months. For the quarter, Goodyear reported sales of $5172 million, up by 2 percent from last year as improved pricing, a richer product mix and strength in international markets more than offset lower volume, most notably in North America and Europe. In the nine-month period, sals rose to $15 353 million from $14 484 million.
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Press release from Goodyear