Ford Motor Sets Records for Profit, Operating Margins

Ford reported a 113 percent rise in net income and company records for global and North American operating margins.

DETROIT: Ford Motor Co reported a 113 percent rise in net income and company records for global and North American operating margins.

Ford's net income was $2.45 billion, or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago.

Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share.

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The New Indian Express
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