Monday 24 April 2017

Ford Motor sets records for profit, operating margins

Assembly line workers at the carmaking giant’s production facility in Vsevolozhsk, Russia, as UK and Germany face jobs losses. Photo: Bloomberg
Assembly line workers at the carmaking giant’s production facility in Vsevolozhsk, Russia, as UK and Germany face jobs losses. Photo: Bloomberg

Ford Motor Co reported a 113 percent rise in net income and company records for global and North American operating margins.

Ford's net income was $2.45 billion, or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago.

Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share.

Reuters

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