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« More Earnings News | Main | Not Dead Yet » October 23, 2006 Ford's EarningsUgh, 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 edelfenbein at October 23, 2006 9:55 AM |
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