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Ford Motor Company Posts Record Q3 Operating Profit

By Warren Paige

Ford Motor Company (NYSE: F) fiscal third quarter profit declined 22% as the company took a big charge linked to pension and employee buyout expenses. However, the automobile company posted record fiscal third quarter operating profit. Revenue also jumped 12%. For the latest period, Ford reported a pretax profit of $2.6 billion or 45 cents a share. Analysts’ consensus estimate was for earnings of 38 cents a share. The Company also raised its outlook on several key metrics such as full-year operating profit, sales volume in China, operating margin and results in South America and Europe.

October 24th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.