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Ford Returns to Profitabilty $$


Guest Tony n Terrific

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Guest Tony n Terrific

The only major U.S. automaker not to file for bankruptcy this year earned earned $997 million, or 29 cents a share, compared to a loss of $161 million, or 7 cents a share on that basis a year earlier.

 

Excluding special items, Ford reported a profit of $873 million, or 26 cents a share, in the period. Analysts had been forecasting a loss of 12 cents a share for the quarter on this basis. Ford said it was the first pre-tax operating profit since the start of 2008.

 

http://money.cnn.com/2009/11/02/news/compa...sion=2009110209

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