In its fourth quarter, Goodyear Tire & Rubber Co. returned to profitability partly as it sold more higher-priced tires after reporting a loss a year ago that included hefty costs tied to a plant closing.

However, the reported results fell short of Wall Street expectations, and its shares fell more than 5 percent Tuesday. Goodyear reported net income of $18 million, or 7 cents per share for the period ended Dec. 31, compared with a net loss of $177 million, or 73 cents per share, a year ago. The revenue performance missed Wall Street’s estimate of $5.86 billion.

“Our price-mix strategy was critical to our ability to offset record high raw material costs and the success of that strategy continued through the end of the year,” chairman and CEO Richard Kramer told analysts in a conference call.

Tags: Goodyear, Goodyear Tire, raw material costs, Wall Street

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