UPDATE 2-Goodyear Tire revenue deflated by weak Latam, N.America

miércoles 30 de julio de 2014 13:17 GYT

* Second-quarter revenue down 5 pct

* Tires sold to vehicle makers in North America down 4 pct

* Total Latam revenue down 8 pct

* Shares fall as much as 8.8 pct (Adds comments from conference call, updates share price)

By Mridhula Raghavan

July 30 (Reuters) - Goodyear Tire & Rubber Co, the biggest U.S. tire maker, reported lower-than-expected quarterly revenue as it sold fewer tires to vehicle makers in North America and Latin America.

Goodyear shares fell as much as 8.8 percent $25.22, their biggest intraday percentage decline in nearly two years.

The company, which competes with Japan's Bridgestone Corp and France's Michelin, said tires sold to vehicle makers in North America, its biggest market, fell 4 percent the quarter. Revenue in the region fell 7 percent to $2.04 billion.

However, total replacement tire sales, which are sold through dealers to customers and account for about 70 percent of total tire sales, rose 6 percent.   Continuación...