Ford Motor Co (
F.N)
reported a higher-than-expected quarterly profit on Friday as strong
results in North America helped offset weak international results and
higher taxes.
Ford shares rose 2.4 percent to $12.16 in premarket trading after its profit from continuing operations beat expectations.
Excluding
one-time items, the company reported a profit of 39 cents per share
compared to analyst expectations of 35 cents, according to Thomson
Reuters I/B/E/S.
The No. 2 U.S.
automaker reported first-quarter net income of $1.40 billion, or 35
cents per share, down from the $2.55 billion, or 61 cents a share, a
year earlier.
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I'm a Ford shareholder, and it's frustrating as hell that although the company is doing great, the stock price has not reflected it. If there is good news, the price should go up, plain and simple. It's been in the $11 range for a long time.
ReplyDeleteIt's the European and the Asian market that's keeping the stock price down, 1:10.
ReplyDelete