Who Is Next? Ford Profits Plummet Due To European Economic Crisis

Ford Motor's second-quarter profit was weighed down by the economic crisis in Europe, but a persistent rebound in U.S. car sales helped the company top analysts' earnings forecasts.

Ford said Wednesday that net income dropped 57% to $1 billion, or 26 cents a share, from $2.4 billion, or 59 cents, in the second quarter of last year.

On an operating basis, Ford earned 30 cents a share in the latest quarter, topping the 29-cent consensus forecast of analysts surveyed by Briefing.com

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