Ford is returning to profit
After earning the quarterly losses last year and a half, Ford has returned to profit. The U.S. carmaker has presented on Monday a net operating 997 million for the third quarter, earnings per share of 0.29 dollars.
The operating profit of the group stood at 26 cents per share, while analysts expected a loss. At the same time last year, Ford avaiyt presented a net loss of $ 161 million.
The automotive business generated cash flow of $ 1.3 billion over the period. Consequently, the group raised its forecasts.While he expected to be "at least the balance" in 2011, he now feels able to be "solidly profitable" in that horizon.
Around 13 h 50 in electronic trading before the opening of Wall Street, as Ford earned 50 cents, an increase of 7% over its closing price Friday.
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