FORD's On A Tear! Beats Analysts Forecasts...

CNN Money reports:

NEW YORK (CNNMoney.com) -- Ford on Tuesday reported a huge turnaround to a profit in the first quarter, thanks to strong sales of new products around the world.

Ford Motor Co (F, Fortune 500)., the iconic auto and truck maker based in Dearborn, Mich., said that net profit totaled $2.1 billion in the first quarter, with earnings of 50 cents per share, beating analyst forecasts.

The numbers bore little resemblance to a year earlier, when Ford reported a loss of more than $1.4 billion, or a loss of 60 cents per share.

The company reported revenue of $28.1 billion, an increase of $3.7 billion from a year ago...

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Agent63 - 4/27/2010 11:52:20 AM

+2 Boost

That's awesome for Ford. GM why don't you stick that in your pipe and smoke it?. Ford has done very well and it's great to see North America buying domestic vehicles again...NOW BRING THAT MONDEO OVER AND I BET IT WILL SELL LIKE HOTCAKES!.

91z4me - 4/27/2010 12:52:48 PM

+1 Boost

Why would the stock go down after reporting better than predicted profits?

Agent00R - 4/27/2010 1:20:57 PM

+1 Boost

That is normal.

Could be individuals taking profits.