Detroit Bureau on Twitter

Posts Tagged ‘ford third-quarter 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 Posts Best Third-Quarter Profit Since 1990

Maker planning to pay down more debt, increase investments, create more jobs.

by on Oct.26, 2010

Big profits and a smaller debt load for Ford.

Ford Motor Co. has posted its best third-quarter profit in two decades, reporting earnings of $1.69 billion for the July-September quarter, or 43 cents per share.

Yet again, the earnings ran ahead of what industry analysts had been forecasting, at least once special charges were excluded from the results, which would raise the number to 48 cents a share – 10 cents more than what had been collectively forecast, according to Thomson One Analytics, by 12 key analysts.

While net income rose 68% compared to year-earlier numbers, Ford saw a 3%, of $1 billion, drop in quarterly revenues.  But excluding sales by Volvo, the Swedish subsidiary Ford sold this year, the U.S. makers revenues actually rose $1.7 billion.

News, Reviews and More! Click Here!

“This was another strong quarter and we continue to gain momentum with our One Ford plan,” proclaimed CEO Alan Mulally, referring to the strategy he began implementing after joining the automaker four years ago.  The One Ford plan has re-focused the company on its core Ford and Lincoln brands, resulting in the sell-off of European-based marques, such as Jaguar and Volvo, and the closure of the moribund Mercury division.