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Posts Tagged ‘ford q3 earnings’

Ford Earnings Up 128% But Miss Wall Street Target

Investors wary despite strong numbers.

by on Oct.27, 2015

Ford's F-150 proved the heavy lifter, helping drive a triple-digit jump in Q3 net earnings.

(The story has been updated to revise the increase in pre-tax earnings.)

Ford Motor Co., riding high on North American demand for pickups and SUVs, saw pre-tax third-quarter profits more than double – but the maker nonetheless disappointed Wall Street by falling short of analysts’ expectations for even more.

Dearborn, Michigan-based Ford earned $2.7 billion before taxes, and 128% year-over-year increase. But net earnings were up an even more dramatic 129%, to $1.9 billion, or 48 cents per share compared with 27 cents during the third quarter of 2014.

By the Numbers!

“We’re on a really, really strong track,” declared Bob Shanks, Ford’s Chief Financial Officer. (more…)

Ford “Core…Remains Strong” Despite Profit Dip

Mulally downplays modest decline.

by on Oct.26, 2011

Ford CEO Mulally with the new Focus ST.

Ford Motor Co. earnings dipped slightly during the third quarter, triggering a modest sell-off by investors despite company assurances that it’s only a temporary setback – CEO Alan Mulally insisting insisting Ford’s “core…remains strong.”

Ford posted earnings of $1.6 billion, or 41 cents per share, for the July – September quarter, a $38 million, or 2 cents per share – dip from year-earlier levels.   The decrease reflected higher raw material prices, the costs of new product launches and a dip in profit margins on new vehicles.

A Profitable Source!

Even so, chief executive Alan Mulally said Ford continued to strengthen its balance sheet, invest for future growth, as well as take actions to improve its competitiveness

“We delivered solid results for the third quarter despite an uncertain business environment,” Mulally said, arguing that, “The core of our business remains strong.”