Ford 3Q earnings more than double on North America results

Cropped Photo: Ford Motor Company / Creative Commons Attribution 2.0 Generic

DEARBORN, Mich. (AP) – Ford Motor Co.’s net income more than doubled to $1.9 billion in the third quarter on strong sales of its new F-150 pickup truck.

Ford reported record results in North America, where it earned $2.7 billion. Its sales in the region jumped 16 percent as it cranked up production and sales of the new aluminum-sided pickup.

The automaker’s overall sales rose 7 percent to 1.6 million. It lost money in Europe, South America and the Middle East but eked out a small profit in Asia.

Ford’s profit, of 48 cents per share, compared with a profit of 27 cents in the same quarter a year ago.

Excluding one-time items, Ford earned 45 cents per share, falling short of the 46-cent profit forecast by Wall Street, according to analysts surveyed by FactSet.

We welcome thoughts and comments from our viewers. We ask that everyone keep their remarks civil and respectful. Postings that contain profanity, racist, or potentially libelous remarks will be deleted. We will delete any commercial postings, as well.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s