Goodyear Tire swings to first-quarter profit

OSTN Staff

(Reuters) – Goodyear Tire & Rubber Co swung to a first-quarter profit on Friday, as demand for auto parts rebounded from the pandemic-driven lows touched last year.

The company reported a net income of $12 million, or 5 cents per share, in the quarter ended March 31, compared with a net loss of $619 million, or $2.65 per share, a year earlier.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Amy Caren Daniel)

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