Goodyear's NAT sees record operating earnings in 4th qtr. Corp. sales, operating income drop as results hit by slump in Europe

摘要

AKRON—Goodyear's North American Tire unit reported record operat- ing earnings in the fourth quarter and fiscal year ended Dec. 31, but overall Goodyear's segment operating income fell 9.1 percent for the year while net income slipped to break-even in the quarter and dropped 43 percent for the year. Goodyear reported respectable operating results despite lower sales revenue in the quarter and year, particularly in Europe, where revenue was off 16.2 percent for the quarter and 14.4 percent for the year.