The result is a turnaround from a net loss of $381 million a year earlier. Bridgestone said sales in the fiscal first quarter rose 16.1 percent to $7.2 billion.
Bridgestone, which had a net profit of just $10.9 million last fiscal year, said that markets in Japan and the U.S. were gently recovering amid rising raw materials prices, but that conditions in Europe remained harsh.
The company forecast a net profit of $295 million for the half-year through June. It did not release a full-year forecast.
— ASSOCIATED PRESS
Tractor Supply shares up on higher 2010 earnings outlookReal Estate Outlook: Faster Recovery?
