Ford increases full-year guidance after strong 3Q - Fox 2 News Headlines

Ford increases full-year guidance after strong 3Q

Posted: Updated:
DEARBORN, Mich. (AP) -

Fox 2's Murray Feldman talks to Ford CFO Bob Shanks about the third quarter numbers.  Shanks also talks about this concern over the politics in Washington DC.

Ford is raising its full-year profit guidance after a record third quarter that saw improving sales worldwide.

Ford earned $1.3 billion, or 31 cents per share, down 14 percent from a year ago.

But without one-time items, including a $250 million charge for restructuring in Europe, Ford Motor Co. reported a pretax profit of $2.6 billion, or 45 cents per share. That was a record for the third quarter.

Revenue rose 12 percent to $36 billion.

Ford beat Wall Street's expectations. Analysts polled by FactSet forecast earnings of 37 cents on revenue of $33.6 billion.

Ford previously said it expected its full-year pretax profit to be equal to or higher than its $8 billion profit in 2012. Now it expects to exceed that. Ford also expects lower European losses.

 

 

  • Local NewsLocal NewsMore>>

  • All you need to know: Arts, Beats and Eats 2014

    All you need to know: Arts, Beats and Eats 2014

    Friday, August 29 2014 10:44 AM EDT2014-08-29 14:44:11 GMT
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
    Celebrating its 17th year and returning to the bustling streets of Royal Oak from Aug. 29 - Sept. 1, Ford Arts, Beats Eats presented by FirstMerit Bank will entertain thousands of visitors from across the region with its outstanding music line-up, stellar arts programming, mouthwatering selection of food, and a number of new attractions this Labor Day weekend.
  • All You Need to Know: Fifth Third Bank Michigan State Fair

    All You Need to Know: Fifth Third Bank Michigan State Fair

    Friday, August 29 2014 9:56 AM EDT2014-08-29 13:56:12 GMT
    The Michigan State Fair is kicking off in Novi with carnival rides, circus shows and farm animals. Located off Grand River, the fair opens Friday Aug. 29 to Labor Day Sept. 1 from 10 a.m. to 11 p.m.
    The Michigan State Fair is kicking off in Novi with carnival rides, circus shows and farm animals. Located off Grand River, the fair opens Friday Aug. 29 to Labor Day Sept. 1 from 10 a.m. to 11 p.m.
  • Detroit police believe three shootings gang-related

    Detroit police believe three shootings gang-related

    Friday, August 29 2014 8:15 AM EDT2014-08-29 12:15:04 GMT
    In total there has been three shootings within 12 hours and two miles of each other - and police believe there is a connection.
    In total there has been three shootings within 12 hours and two miles of each other - and police believe there is a connection.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices