Ford Earns 68 Cents per Share

Ford Motor (F) had an amazing earnings report. The automaker blew away estimates.

Ford Motor Co. (F) on Thursday reported first-quarter earnings of $2.45 billion.

On a per-share basis, the Dearborn, Michigan-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring costs, were 68 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The automaker posted revenue of $37.7 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $36.1 billion.

Posted by on April 28th, 2016 at 8:29 am

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