July 28, 2011 news, Goodyear Tire & Rubber Company (GT) said that the second quarter profit growth of 43%, thanks to a substantial increase in revenue.

The company’s net profit for the quarter increased from US$ 28 million, or 11 cents per share, to US$ 40 million, or 16 cents per share, for the same period last year.

Excluding one-time items, the company earned 65 cents a share in the quarter, higher than the 25 cents expected by analysts surveyed by Factset.

Revenue increased from US$4.5 billion in the same period last year to US$5.6 billion, which was higher than the average analyst estimate of US$5.2 billion.

North American revenue rose 18% to $2.4 billion, benefiting from higher sales of high-end tires. The average revenue per tire increased by 20%.

The improvement in the price mix helped Goodyear overcome the 2% drop in tire sales. The decline in sales reflects the decline in the output of the automotive industry, especially in North America.

Four head embroidery machine

Consew Embroidery Machine,Semi Industrial Embroidery Machine,Sewing Machine T Shirt Printing,Used Industrial Embroidery Machine

Ningbo World Wide Electric techonology CO.,Ltd , https://www.nbmy-sewmachine.com