Ford 4Q profit beats forecasts; revenue up 4 pct. - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

Ford 4Q profit beats forecasts; revenue up 4 pct.

Posted: Updated:

DEARBORN, Mich. (AP) -- Ford Motor Co. beat Wall Street's forecasts for fourth-quarter and full-year profits thanks to record results in North America and Asia.

The Dearborn, Mich.-based automaker earned $3 billion, or 74 cents per share, in the fourth quarter of 2013, but that was largely because of a one-time tax gain. Excluding the gain, net income was 31 cents per share, topping analysts' forecast of 27 cents, according to FactSet.

On a pretax basis, Ford earned $1.3 billion, down $402 million from a year ago.

Fourth-quarter revenue rose 3.5 percent to $37.6 billion.

For the full year, Ford earned $7.2 billion, or $1.76 per share. Without one-time items, including a pension buyout, the company earned $8.56 billion, or $1.62 per share, beating analysts' forecasts.

Full-year revenue rose 10 percent to $146.9 billion.

  • Local NewsLocal NewsMore>>

  • Two people shot at Eastland Center mall

    Two people shot at Eastland Center mall

    Wednesday, August 27 2014 4:56 PM EDT2014-08-27 20:56:55 GMT
    Police are responding to a shooting at Eastland Center Mall, 18000 Vernier Road Wednesday.Police scanner traffic indicated that the incident occurred shortly before 4 p.m.
    Police are responding to a shooting at Eastland Center Mall, 18000 Vernier Road Wednesday.Police scanner traffic indicated that the incident occurred shortly before 4 p.m.
  • 4 reasons the highways flooded, got backed up again

    4 reasons the highways flooded, got backed up again

    Wednesday, August 27 2014 2:23 PM EDT2014-08-27 18:23:58 GMT
    Several roadways are flooded again Wednesday morning after Tuesday's rainfall. Diane Cross from MDOT explains why this happened again after the major floods on August 11.
    Several roadways are flooded again Wednesday morning after Tuesday's rainfall. Diane Cross from MDOT explains why this happened again after the major floods on August 11.
  • Baby goat found gutted, burned in suspected sacrifice

    Baby goat found gutted, burned in suspected sacrifice

    Wednesday, August 27 2014 2:16 PM EDT2014-08-27 18:16:15 GMT
    It seems like something out of a horror movie. Employees discovered a baby goat that appears to have been sacrificed right outside of their building on Detroit's east side.
    It seems like something out of a horror movie. Employees discovered a baby goat that appears to have been sacrificed right outside of their building on Detroit's east side.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices