Goodyear Tire & Rubber Co.'s second-quarter earnings surged 43 percent, helped by a 24 percent sales increase.
Goodyear, the biggest tire maker in North America and third largest globally, said Thursday it earned $40 million, or 16 cents per share, on sales of $5.6 billion in the three months ending June 30.
In the second quarter of 2010, Akron-based Goodyear earned $28 million, or 11 cents per share, on revenue of $4.5 billion.
North American sales increased 18 percent to $2.4 billion, a second-quarter record, and reflected stronger sales of high-end tires. Revenue per tire was up 20 percent.
Excluding one-time charges, the company earned 65 cents per share, easily beating the Wall Street estimate of 25 cents. Analysts typically exclude one-time items from estimates. - Sapa-AP