Ford Motor Co. this morning announced its best first quarter earnings since 1998: $2.6 billion, or 61 cents per share. The results, an increase of $466 million over the first quarter of 2010, far exceeded analysts' expectations of about 50 cents per share.
Operating profit of $2.8 billion was the strongest for a first-quarter since 2004 and $2.1 billion of that was from
automotive operations as consumers continue to embrace the automaker's vehicles, which include new and fuel efficient models. Total revenue was $33.1 billion, up $5 billion from the same period in 2010.
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