Ford reports $2.08-billion profit |
Detroit Free Press - Apr 27, 2010 |
Ford today said it earned $2.08 billion, or 50 cents per share, during the first quarter of the year and plans to increase production of new cars and trucks by 40%, providing fresh evidence that the Dearborn automaker’s turnaround plan is on track.
Ford’s profit eclipsed its loss of $1.43 billion, or 60 cents per share, for the same January through March period last year and easily beat Wall Street’s expectations.
Before special charges, Ford earned $1.76 billion, or 46 cents per share. Analysts surveyed by Thomson One Analytics expected Ford to report income, excluding special charges, of 31 cents per share, or nearly $1 billion.
Read Full Article from Detroit Free Press
- Posted: 2010-04-27 12:16:20
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