Ford Misses, Revenues Up 6.5%
Ford Motor Co. (NYSE:F) posted a 34% fall in profit to $797 million or 20 cents per share (before special items) in the fourth quarter of 2011 from $1.20 billion or 30 cents per share (before special items) in the same quarter of 2010. With this, the automaker has missed the Zacks Consensus Estimate by [...]
Ford Motor Co. (NYSE:F) posted a 34% fall in profit to $797 million or 20 cents per share (before special items) in the fourth quarter of 2011 from $1.20 billion or 30 cents per share (before special items) in the same quarter of 2010. With this, the automaker has missed the Zacks Consensus Estimate by 7 cents per share.
However, including the favorable impacts of valuation allowance and sale of Ford’s Russian operations to the newly created Ford-Sollers joint venture, which began operations on … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards