Ford Sets An All Time Profit Record Of $2.5 Billion In First Quarter

Ford Motor Co. said Thursday it made $2.5 billion in a banner first quarter, including an all-time record $3.8 billion pre-tax profit.

The Dearborn automaker’s net income was more than double from last year’s $1.2 billion. Ford earned a record operating margin of 9.8 percent and increased its global market share two-tenths of a percentage point to 7.1 percent thanks to gains in North America, Europe and Asia Pacific. It also set a record automotive pre-tax profit of $3.3 billion.

Ford reported earnings per share of 68 cents per share, beating the Wall Street consensus by 20 cents.

skytop - 4/28/2016 5:04:26 PM

-1 Boost

I hope now that Ford finally repays me the $212.49 they owe me.