Ford posts better-than-expected Q2 profit as trucks shine
DETROIT, July 24
DETROIT, July 24 (Reuters) - Ford Motor Co, maker of the top-selling F-150 pickup truck, reported a better-than-expected second-quarter profit on Wednesday buoyed by strong truck sales, higher vehicle prices and narrower losses in Europe.
The No. 2 U.S. automaker reported pretax profit of 45 cents per share. Analysts, on average, expected Ford to report earnings of 37 cents per share, according to Thomson Reuters I/B/E/S.
The automaker now expects its losses in Europe to total $1.8 billion, on par with 2012 levels and lower than the $2 billion loss the company previously predicted.
- Target stores' customers hit by major credit card attack
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge
- U.S. prosecutor defends treatment of Indian diplomat |
- Fed cuts bond buying in first step away from historic stimulus |