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Posts Tagged ‘Ford financial news’

Strong Q4 Helps Ford Turn $7.6B Profit in 2017

Automaker predicts lower profits for 2018 as it launches 23 products.

by on Jan.24, 2018

Ford CEO Jim Hackett said the company has laid the groundwork for its end goal of producing nothing by smart vehicles.

Ford Motor Co. today reported Q4 net income of $2.4 billion, or 60 cents per share, on $41.3 billion in revenue and full-year results of $7.6 billion in net income on revenue of $156.8 billion.

The company’s pre-tax profit for the final quarter of 2017 was $1.7 billion, or 39 cents per share on an adjusted basis. The results were lower than Zacks and Thomson Reuters consensus estimates of 42 cents per share adjusted.

Financial News!

For the full year, the company’s pre-tax profit was $8.4 billion, or $1.78 per share. Again, that was lower than Thomson Reuters analysts’ estimate of $1.83 per share. The net income of $1.90 per share was also lower than what the automaker has predicted it would be a few weeks ago. It said it would be $1.95 per share. (more…)

Ford Profits Rise 63 Percent in Third Quarter

Truck sales, cost cutting helps lead the way.

by on Oct.26, 2017

Ford CEO Jim Hackett said the company is getting itself in a better position for the future with its Q3 results.

This story has been updated with new information.

Ford enjoyed a strong third quarter, reporting a 63% rise in net income to $1.6 billion, or 39 cents per share, on revenue of $36.5 billion, largely on cost control measures and strong truck sales in North America.

The company’s operating profit for the third quarter was $2 billion or 43 cents per share, which was up 40% compared with year-ago period.

Financial News!

“I want to smile with the results today because we’re going to build on this going forward,” said Ford CEO Jim Hackett during a conference call.  (more…)