UPDATE 2-Severe winter hits Goodyear Tire's profit

martes 29 de abril de 2014 15:01 GYT

* First-quarter revenue falls 8 pct to $4.47 billion vs est $4.80 bln

* Adjusted earnings $0.56/shr vs est. $0.60

* Shares fall as much as 9 pct (Adds CEO comment, background, details, updates shares)

By Rohit T. K.

April 29 (Reuters) - Goodyear Tire & Rubber Co reported a lower-than-expected quarterly profit as an unusually severe winter in North America slowed production and kept customers away from distributors.

The biggest U.S. tire maker's shares fell as much as 9 percent in morning trading on Tuesday.

The harsh winter hit Goodyear because it ships tires only when automakers book sales, Chief Executive Richard Kramer said on a conference call with analysts.

U.S. auto sales fell in January and February, before rising in March, as cold weather and snow kept many consumers away from dealer showrooms.

Apart from selling to automakers, Goodyear supplies the replacement market.   Continuación...