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Posts Tagged ‘Ford Q3 results’

After Gloomy Forecast, Ford Earnings Narrowly Beat Expectations

But numbers still down sharply for Q3.

by on Oct.24, 2014

Ford CEO Mark Fields with the 2015 Edge, one of the models critical to turning around its earnings slump.

Ford’s third-quarter earnings report is a classic test of whether you want to view the glass as half-empty or half-full.

The maker recently warned that it would deliver a substantially lower profits due to problems in Europe and other markets, as well as having to cover the cost of a big recall. And, indeed, earnings for the July to September period plunged sharply, from $1.3 billion a year ago to just $835 million.

Earnings News!

The pre-tax profit, at $1.2 billion, was off from a year-earlier $2.6 billion. But at 24 cents a share, that nonetheless managed to beat the 19-cent consensus estimate, according to analysts polled by Thomson Reuters. (more…)

Ford Motor Third Quarter Net Income is $1 Billion

North America returns to black for the first time in more than four years.

by on Nov.02, 2009

Ford is slowly pulling out of a prolonged slump.

Ford is slowly pulling out of a prolonged slump.

Ford Motor Company [NYSE: F] today reported net income of $997 million, or 29 cents per share, in the third quarter.

The Dearborn based automaker attributed the improvement to new products, structural cost reductions and improved results at Ford Credit.

This is a $1.2 billion improvement compared with the same period last year.

Excluding special items, Ford posted pre-tax operating profits totaling $1.1 billion, an improvement of $3.9 billion from a year ago. This marks the company’s first operating profit since the first quarter of 2008. On an after-tax basis, excluding special items, Ford posted an operating profit of $873 million in the third quarter, or 26 cents per share, compared with a loss of $3 billion, or $1.32 per share, a year ago.

Bottom Line - Free!

Bottom Line - Free!

Ford’s North American operations posted a pre-tax operating profit of $357 million, its first quarterly profit since the first quarter of 2005. Ford South America, Ford Europe and Ford Asia Pacific Africa also posted pre-tax operating profits in the third quarter.