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>>

  • Community comes together to support slain Armada teen's family

    Community comes together to support slain Armada teen's family

    Wednesday, July 30 2014 11:55 PM EDT2014-07-31 03:55:10 GMT
    Nearly a week after 14-year-old April Millsap was found murdered in the small town of Armada, friends, family and even those who didn't know the young girl gather for music in the park - this time hoping for justice.They were there to help raise money to ease the burden on April's heartbroken mother."We're as well as can be expected," said aunt Sarah Lichtenfelt. "They are just grateful for all the prayers and support, that's all we ask is to keep praying for strength."In the middle of it all...
    Nearly a week after 14-year-old April Millsap was found murdered in the small town of Armada, friends, family and even those who didn't know the young girl gather for music in the park - this time hoping for justice.They were there to help raise money to ease the burden on April's heartbroken mother."We're as well as can be expected," said aunt Sarah Lichtenfelt. "They are just grateful for all the prayers and support, that's all we ask is to keep praying for strength."In the middle of it all...
  • Family asks for justice after mother of three found dead next to dumpster

    Family asks for justice after mother of three found dead next to dumpster

    Wednesday, July 30 2014 11:33 PM EDT2014-07-31 03:33:46 GMT
    When 32-year-old Katherine Gibson was a little girl, her loved ones thought, the "life" ahead of her would be long. But it wasn't."Me and my girlfriend dropped her off and she had just told us, she loved us," said Marvin Gibson, her cousin.That would be the last "I love you" that he would hear. because after Gibson's cousin dropped her off at Harper and Conner, near Bronco's Market. The day after, she was found dead. Gibson's lifeless body, discovered by a dumpster, beside the building."Layin...
    When 32-year-old Katherine Gibson was a little girl, her loved ones thought, the "life" ahead of her would be long. But it wasn't."Me and my girlfriend dropped her off and she had just told us, she loved us," said Marvin Gibson, her cousin.That would be the last "I love you" that he would hear. because after Gibson's cousin dropped her off at Harper and Conner, near Bronco's Market. The day after, she was found dead. Gibson's lifeless body, discovered by a dumpster, beside the building."Layin...
  • Detroit councilwoman dodges questions about Facebook photo

    Detroit councilwoman dodges questions about Facebook photo

    Wednesday, July 30 2014 11:27 PM EDT2014-07-31 03:27:05 GMT
    Councilwoman Mary Sheffield posted a photo with controversial figure Rayford Jackson, previously involved in the Monica Conyers scandal. Fox 2's M.L. Elrick wants to know why.
    Councilwoman Mary Sheffield posted a photo with controversial figure Rayford Jackson, previously involved in the Monica Conyers scandal. Fox 2's M.L. Elrick wants to know why.
  • 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 | Terms of Service | Ad Choices