UNDATED (AP) — Earnings reports from a trio of U.S. companies have beaten Wall Street's expectations.
Goodyear says strong fourth-quarter results in its core North American market helped the tire maker to earnings of $228 million. With car sales increasing, the number of tires sold to auto makers in North America rose 7 percent in the fourth quarter. After one-time charges, Goodyear earned 74 cents per share.
Soda and snack maker PepsiCo says its fourth-quarter net income climbed 5 percent, helped by higher prices and improved volumes. PepsiCo says it plans to hang onto its struggling North American drinks unit, with hopes that the introduction of naturally sweetened, lower-calorie sodas will help revive sales. It's been under pressure to spin off the business and focus on its stronger Frito-Lay snack unit, most notably by activist investor Nelson Peltz of Trian Fund Management.
And Burger King reported a higher quarterly profit as growth overseas helped lift a key sales figure. The Miami-based chain says global sales rose 1.7 percent at locations open at least a year, with particularly strong results in Asia.
While Burger King's new lower-calorie french fries, known as Satisfries, didn't spark a stampede to its North American restaurants, the company says they did help sales.
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