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Goodyear's Good Year
per share, 6 cents higher than analysts forecasted. In North America, its largest sales area, revenues rose 9.9% to $2.3 billion, up from $2.1 billion in the prior year. Year-earlier results were hurt by the strike.

In the European Union, sales rose 5.4% to $1.4 billion, supported by price increases, a focus on more expensive tires, and favorable foreign exchange rates. In its remaining regions--covering Eastern Europe, Africa, the Middle East, Latin America, Asia and the Pacific--sales rose 20.0% to $1.5 billion.

Goodyear has raised prices on its tires to make up for the increased cost of raw materials. Raw materials such as natural rubber, petroleum-based synthetic rubber, carbon black and steel cord make up about a third of the cost of a tire. Goodyear sells directly to vehicle manufacturers, but has said in the past that sales declines to automakers allow it to sell a higher percentage of more expensive tires to the light vehicle replacement market. Goodyear's full-year sales jumped 5.0% to a record $19.6 billion, up from $18.8 billion

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