Goodyear Tire & Rubber Co. (GT) on Friday reported a profit for the second-quarter compared to a loss in the prior year. Quarterly sales rose 86 percent from last year, driven by higher volume, the Cooper Tire merger, increased sales from other tire-related businesses and favorable foreign currency translation. Both adjusted earnings per share and revenue beat analysts' estimates.
In Friday pre-market trade, GT was trading at $15.64 up $0.38 or 2.49 percent.
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