UPDATE 2-Goodyear profit gets boost from lower N.America costs
(Adds details from conference call; analyst, CEO comment, updates shares)
* Third-quarter adj. shr 87 cents/shr vs est 70 cents/shr
* Expects global vol. growth of 1-2 pct in 2015
* Shares rise as much as 10 pct
By Abinaya Vijayaraghavan
Oct 29 (Reuters) - Goodyear Tire & Rubber Co, the largest U.S. tire maker, reported a higher-than-expected quarterly profit as raw material costs fell in North America.
Shares of the company, which sells tires under brands such as Dunlop, Sava and Fulda, rose as much as 10 percent on Wednesday.
The company said it expects to sell 1-2 percent more tires in 2015, allaying some concerns about slowing demand due to softness in many economies.
Manufacturing costs in its North America business, which accounts for 44 percent of its total revenue, fell by $32 million in the third quarter. Margins in the business rose to 10.2 percent from 7.4 percent, a year earlier. Continuación...