Goodyear Reports First-Quarter Profit

Goodyear Tire & Rubber Co.’s first-quarter earnings rose to $147 million, or 60 cents a share, compared with a loss of $174 million, or 96 cents, a year ago.

North American sales fell 1% from last year, but operating income increased $52 million, primarily due to improved pricing and product mix of $67 million, which more than offset increased raw material costs of $5 million, Goodyear said.