Ford Posts a Big Profit Despite Europe Loss
Filed under: Ford Motor Co, General Motors, Autos, Market News
Ford (F) on Tuesday reported its 14th consecutive profitable quarter, with net income of $1.63 billion, or $0.41 a share. That solidly beat analyst estimates, which averaged about $0.30 a share according to a Bloomberg survey.
It’s about equal to the $1.65 billion Ford reported a year ago. But the story behind the numbers is very different.
A Great Story for Ford at Home
While last year’s profit was powered by decent results from around the world — and a relatively favorable tax situation…
Ford Posts a Big Profit Despite Europe Loss originally appeared on DailyFinance.com on 2012-10-30T15:45:00Z.
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