Ford Forecasts 2010 Profit

Posted on January 29, 2010
Filed Under Economy |

Ford Forecasts 2010 Profit, some good news for a change.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTTwGK0nh9b8&pos=4

Jan. 29 (Bloomberg) — Ford Motor Co. forecast a 2010 pretax operating profit and posted $2.7 billion in net income for last year as Chief Executive Officer Alan Mulally reaped the benefits of his recovery plan after three annual losses

Fourth-quarter earnings were $868 million, or 25 cents a share, compared with a year-earlier net loss of $5.98 billion, or $2.51, Ford said yesterday. Excluding one-time costs, profit was 43 cents a share, beating analysts’ estimates.

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