Goodyear Sales Rise 11% By TSC Staff 2/14/2008 2:21 PM EST

Goodyear (GT) swung to a profit in its most recent fourth quarter and reported sales that rose 11% year over year as higher prices and a better product mix offset lower volume.

The Akron, Ohio, tiremaker had quarterly earnings from continuing operations of $61 million, or 27 cents a share, compared with last year's loss of $310 million and $1.74 a share. Including discontinued operations, Goodyear had fourth-quarter net income of $52 million, or 23 cents a share, reversing the prior year's $358 million, or $2.02 a share, loss.

Sales climbed to $5.16 billion from $4.64 billion. Shares of Goodyear were up 5.9% at $26.80 Thursday.

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