Ford Earns 41 Cents Per Share

This morning, Ford Motor ($F) reported pretty good earnings for Q1. The automaker made 41 cents per share which was four cents more than Wall Street’s expectations. The company made 35 cents per share one year ago. Sales rose to $33.9 billion which beat estimates by $400 million.

As expected, Ford continues to do very well in North America but Europe still remains weak. The key driver of Ford’s results is the success of the Fusion. I was glad to see Ford given an ambitious production forecast for Q2; 800,000 vehicles in North America and 390,000 in Europe.

For the quarter, Ford made $2.4 billion in North America but lost $462 million in Europe. That’s about three times what they lost one year ago. The company expects to lose $2 billion in Europe this year. Right now, the company is trying to right itself in the same way they turned around in the U.S. In South America, Ford lost $218 million. They expected to lose $300 million.

Posted by on April 24th, 2013 at 12:29 pm


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