On The Road To Recovery? Ford Posts $1 Billion Profit In 3rd Quarter

Ford Motor Co. posted a surprise third quarter profit of nearly $1 billion today -- its first operating profit in nearly two years

The company reported net income of $997 million, or 29 cents per share, a $1.2 billion improvement compared with the same period last year. After taxes and excluding one-time items, Ford earned $873 million or 26 cents a share.

Wall Street had been expecting the Dearborn automaker to lose 12 cents a share, according to a survey of 11 analysts by Thomson Reuters. Ford lost $129 million during the same three-month period a year ago.


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