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Ford Likely to Show Record North American Profit

But Europe still an anchor.

by on Apr.24, 2013

Ford Chief Operating Officer Mark Fields will have to show that the changes he made in the Americas can translate overseas.

It’s likely to be both the best of times and worst of times for Ford Motor Co. as it reports its first-quarter earnings today.

Industry analysts are uniformly anticipating the second-largest domestic automaker will report record pre-tax profits for North America – but continue to linger deep in the red in a European market that has plunged to its lowest levels in nearly two decades, with little near-term upside potential.

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The troubles in Europe, as well as an anticipated loss in South America, should cut 37 cents out of the maker’s operating profit, according to a poll by the Bloomberg news service of 17 automotive analysts. Nonetheless, Ford should deliver a strong overall report, according to most, with pre-tax earnings in North America expected to come in at $2.7 billion, according to both JPMorgan Chase and Morgan Stanley.

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Ford Earnings Likely to Be Strong

Analysts forecasting strongest Q1 since 1998.

by on Apr.25, 2011

The emphasis is on "profitable growth," according to Ford CEO Alan Mulally.

It’s been a challenging couple of months for the auto industry.  There’s the near-record run-up in petroleum prices, and the Japanese parts shortage that has crippled makers around the world.  Raw material costs have been soaring.  And the economies of some key auto markets have been in the doldrums.

Yet, you might not even notice if you simply watch Ford Motor Co., industry and financial analysts suggest – forecasting that the maker will tomorrow report its strongest first quarter profit since 1998.

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Earnings are forecast to reach as high as 50 cents a share, a nearly 10% rise from the 46 cents reported for the January – March quarter of 2010.  Net income, according to a consensus of analysts, is expected to reach $2.1 billion, the largest figure for the quarter since Ford generated net income of $17.6 billion in 1998.

Such numbers could help quell concerns about the vitality of the auto industry at a time when investors have been pulling back, anticipating serious problems as fuel prices soar – especially for Detroit makers traditionally dependent upon low-mileage light trucks.

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