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Tag Archives: ford earnings
Ford Q3 Income, Profits Down as Volume Increases. No Dividend Yet, But Sooner Rather than Later Promised
Ford continues to struggle globally by posting losses in moribund European economies, and – surprisingly – the growth markets of Asia Pacific and Africa. North America, where Japanese competitors have been out of the market since the March earthquake and tsunami disrupted production, and South America reported pre-tax profits for the third quarter. Continue reading
Posted in auto news, economy, financial results, news analysis, results
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, ford asia pacific, ford china, ford debt, ford earnings, ford Europe, ford q3, ford results, Ken Zino, q3 ford earnings, results, zino
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Ford Motor Nets $2.6 Billion in Q1 on $33 Billion Revenue
Ford Motor Company (NYSE: F) today reported first quarter 2011 net income of $2.6 billion, or 61 cents per share, an increase of $466 million, or 11 cents per share, from first quarter 2010 as the global auto industry continued … Continue reading
Ford to Issue Common Stock to Reduce Debt by $3 Billion
Ford Motor Company (NYSE: F) said today that it will convert some of its $16 billion in outstanding debt to shares of common stock. In so doing, the second largest Detroit automaker will take a charge of $60 million against its first quarter earnings.
Ford is still listed as below investment grade by the rating agencies – Moody’s Investors Service (Ba2) and Standard & Poor’s B+. Both are junk ratings that raise borrowing costs and limit large mutual funds from buying Ford bonds. Ford lost its investment grade rating in 2005. Continue reading
Ford Q3 Net Income at $2.4B Treads Water. Q4 $500M Loss?
As a result, the Ford outlook is wobbly including a fourth quarter adjusted EBIT between break-even and a, gulp, $500 million loss. Continue reading →