Ford Earns 30 Cents Per Share

Ford (F) just reported Q4 earnings of 30 cents per share which is well below Wall Street’s forecast of 48 cents per share.

For all of 2010, Ford made $6.6 billion, the most money it has made in 11 years. Workers will actually get profit-sharing checks this year. Plus, Ford did away with 43% of its debt load in 2010.

The quarterly earnings get a little complicated due to Ford’s debt conversion offer. The company had unadjusted profits of five cents per share. Excluding that, Ford earned $1.3 billion or 30 cents per share.

This was the company’s sixth-straight quarter of making an operating profit. Quarterly revenues rose from $30.9 billion to $32.5 billion. Wall Street was expecting $30.4 billion.

The stock looks to open around 6.5% lower.

Posted by on January 28th, 2011 at 9:10 am


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