Ford’s Earnings

Ugh, the news continues to be grim for American car companies. Today, Ford (F) announced that it lost $5.8 billion in the third quarter. That’s not all–it plans to restate earnings going back to 2001. On an earnings-per-share basis, the loss for Q3 comes to $3.08 compared with a loss of 15 cents a share last year. Sales dropped 10% to $36.7 billion. Two years ago, the stock was at $15 a share, while today it’s below $8. And that’s after a rally!

Posted by on October 23rd, 2006 at 9:55 am


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