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Earnings

August 26, 1986

Firestone Tire & Rubber reported that net income for its third quarter ended July 31 rose 107% from a year earlier on a 3% decline in revenue. Net income for the 1986 quarter included a $6-million after-tax gain from the partial liquidation of LIFO inventories. In 1985, net income for the quarter included extraordinary tax credits of $4 million.

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