Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- Ford Motor Co., the only major U.S.automaker to avoid bankruptcy, rose after posting an unexpectedthird-quarter net income of $997 million, its first operatingprofit since early 2008 on smaller discounts and higher sales.
On an adjusted basis, Ford reported a quarterly pretaxprofit of $1.1 billion, or 26 cents a share, compared with ayear-earlier loss of $3 billion, or $1.32. Ford beat the20 cents a share adjusted loss estimated by an average of 11analysts surveyed by Bloomberg. It expects to be “solidlyprofitable” in 2011.
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On an adjusted basis...Ford Has Earnings of $997 Million, Says 2011 Will Be `Solidly Profitable'
Nov 2nd, 2009 - Bloomberg
Nov. 2 (Bloomberg) -- Ford Motor Co., the only major U.S.automaker to avoid bankruptcy, posted net income of $997 millionin the third quarter and its first operating profit since early2008...
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