Ford Motor Company (F)

[Sergey777]

Ford Earnings Stall In 1Q On Poor Global Performance

Ford Motor Company (F 11.65 ?-1.81%) (NYSE: F) said Friday profits fell 20.5 percent, missing analyst predictions, on low European sales, plunging South American profit and a drop in Ford Credit profits. But the No. 2 U.S. automaker also cut its debt sharply.

Net income for the first quarter was $1.4 billion, or 35 cents per share, compared with $2.55 billion, or 61 cents per share, the year before, Ford Motor Company (NYSE: F) said.

Revenue fell to $32.4 billion, a decrease of $700 million from the year before.

Analysts surveyed by Thomson Reuters expected Ford, on average, would earn about 39 cents per share on revenue of $30.5 billion.

http://www.ibtimes.com/articles/334361/20120427/ford-motor-company-earnings-1q-fall.htm

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