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Goodyear Tire stock jumps after profit rises well above expectations

Shares of Goodyear Tire & Rubber Co. jumped 4.0% in premarket trading Friday, after the tire maker reported fourth-quarter profit that rose well above expectations as revenue growth to a near 10-year high and higher selling prices helped offset inflationary cost pressures. Net income increased to $553 million, or $1.93 a share, from $63 million, or 27 cents a share, in the year-ago period. Excluding nonrecurring items, such as a $379 million tax benefit, adjusted earnings per share rose to 57 ce

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