UPDATE: Goodyear Swings To Q4 Profit

Goodyear Tire & Rubber Co (NYSE: GT) swung to a profit in the fourth quarter.

Goodyear posted its quarterly earnings at $18 million, or $0.07 per share, versus a year-ago net loss of $177 million, or $0.73 per share. Its net sales rose to $5.68 billion, from $5.07 billion. However, analysts were expecting earnings of $0.20 per share on sales of $5.86 billion.

Goodyear shares gained 0.86% to $14.09 in after-hours trading.