(Bloomberg) -- Ford Motor Co. beat analysts’ estimates for the fourth quarter and said assembly of the aluminum-bodied F-150 is going “extremely well,” even as the second-biggest U.S. automaker grapples with losses in Europe and South America.
Ford reported net income of $52 million, or 1 cent a share, down from $3.04 billion, or 74 cents, a year earlier. Excluding one-time costs, such as a charge in Venezuela, the profit was 26 cents a share, beating the 22-cent average estimate of 18 analysts surveyed by Bloomberg. For the full year, Ford posted pretax profit of $6.3 billion, better than the $6 billion it forecast as it cut financial goals in September.
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Man that's a BIG profit hit!
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