DETROIT (Reuters) – Ford Motor Co (F.N) posted a quarterly profit on Monday due to cost cuts and market share increases, beating Wall Street forecasts for a loss, and raised its 2011 outlook to “solidly profitable” from break-even. Ford’s shares surged 9 percent as the surprising profit and increased outlook overshadowed an expected announcement around midday [...]
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DETROIT (Reuters) – Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to gains from a $10 billion debt-reduction plan, and said it was on track to at least break even in 2011, sending its shares up 10 percent.
Discussing earnings results and what’s next for the company, with CNBC’s Phil LeBeau and [...]
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