Business & Finance
Ford posts solid Q3 profit, surging sales
NEW YORK : Ford Motor Co. on Wednesday reported solid profits for the third quarter as sales raced higher.
The numbe
1 min
By
The number-two US automaker said it had income of $1.65 billion in the July-September period.
Revenue rose 14 percent for the nation's best-selling brand, the Dearborn, Michigan-based company said in a statement.
Ford's profit was two percent lower than the same period in 2010, but exceeded market expectations.
Earnings per share excluding special items were 46 cents, a penny more than most analysts estimated.
Copyright AFP (Agence France-Presse), 2011