Ford Motor Company (NYSE: F) fiscal third quarter profit declined 22% as the company took a big charge linked to pension and employee buyout expenses. However, the automobile company posted record fiscal third quarter operating profit. Revenue also jumped 12%. For the latest period, Ford reported a pretax profit of $2.6 billion or 45 cents a share. Analysts’ consensus estimate was for earnings of 38 cents a share. The Company also raised its outlook on several key metrics such as full-year operating profit, sales volume in China, operating margin and results in South America and Europe.
Tag: F
Major Movers on January 29; VMW, BMC, BSX, F, BZH
Shares of VMware Inc. (NYSE: VMW), a provider of virtualization and virtualization-based cloud infrastructure solutions, have plunged in early trading today after the company gave a disappointing outlook. The company also reported its fourth-quarter financial results.
Continue reading Major Movers on January 29; VMW, BMC, BSX, F, BZH
Ford Announces Expansion Plans, To Invest $773 Million in 2013 To Revamp Manufacturing Facilities (F, GM)
Car maker, Ford Motor Company (NYSE: F) announced on Thursday that it will be spending about $773 million for revamping manufacturing facilities in 6 southeast Michigan plants in 2013 as the company looks to launch next generation of products.
Major Gainers on December 26; WFT, F, RIMM, RAD, PSSI, VALE, PTR
Shares of Weatherford International Ltd. (NYSE: WFT), a provider of equipment and services used in drilling, evaluation, completion, production and intervention of oil and natural gas wells, are up sharply in trading today.
Continue reading Major Gainers on December 26; WFT, F, RIMM, RAD, PSSI, VALE, PTR
Automakers Post Strong Sales Growth in June (F, GM)
U.S. automobile industry’s big three players posted stronger sales growth in June. While Ford Motor’s (NYSE: F) sales climbed up 7% in June from a year earlier, General Motors (NYSE: GM) and Chrysler Group LLC posted a double digit growth.
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Ford’s May U.S. Vehicle Sales Rise (F)
Ford Motor Company (NYSE: F), today, reported that its U.S. new-vehicle sales climbed 13% in the month of May, driven by strong truck and Ford-brand sales. However, sales results missed estimates from Edmunds.com, pushing shares of the Dearborn, Michigan-based automaker lower.
Ford’s Q1 Profit Falls Sharply (F)
Ford Motor Company (NYSE: F), the Dearborn, Michigan-based automaker, reported a sharp decline in its first-quarter profit due to a higher tax bill and losses abroad. However, the automaker’s results beat Street estimates, sending shares higher in pre-market trading.