Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more 禄Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
City-born architect lists inspiration behind his designs in a new book
Digitization helps preserve, disseminate intangible cultural heritage
Sunday
- Subscribe
Ford drives to US$1.7b net profit in Q3
By Bernie Woodall |
October 27, 2010, Wednesday
|
Print Edition
Print Edition
FORD Motor Co posted a US$1.7 billion quarterly profit yesterday that exceeded Wall Street expectations and said it expected to eliminate a net debt position in its automotive business by year-end.
Ford, which expects to be solidly profitable in 2010, said it had repaid US$2 billion of debt in the third quarter and on Friday will repay its remaining US$3.6 billion of debt owed to a retiree healthcare trust for the United Auto Workers union.
Net profit rose to US$1.7 billion, or 43 cents per share, in the third quarter from US$997 million, or 29 cents per share, a year earlier. Excluding the Volvo unit it sold in August, revenue rose US$1.7 billion to US$29 billion.
Operating profit was 48 cents per share excluding one-time items. On that basis, analysts on average expected Ford to report earnings of 38 cents, according to Thomson Reuters.
Ford, which expects to be solidly profitable in 2010, said it had repaid US$2 billion of debt in the third quarter and on Friday will repay its remaining US$3.6 billion of debt owed to a retiree healthcare trust for the United Auto Workers union.
Net profit rose to US$1.7 billion, or 43 cents per share, in the third quarter from US$997 million, or 29 cents per share, a year earlier. Excluding the Volvo unit it sold in August, revenue rose US$1.7 billion to US$29 billion.
Operating profit was 48 cents per share excluding one-time items. On that basis, analysts on average expected Ford to report earnings of 38 cents, according to Thomson Reuters.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
