Ford profit: Ford reports earnings of $2.6 billion in first quarter - latimes.com
Good for them.Brisk sales and higher prices helped Ford Motor Co. to one of its best first-quarter profits in years. Ford said Tuesday it earned $2.6 billion, or 61 cents a share, in the first quarter of the year, compared with a profit of $2.1 billion, or 50 cents a share, during the same quarter a year earlier.
It was the automaker's best first quarter since 1998.
Revenue rose to $33.1 billion from $28.1 billion. In morning trading, Ford shares were up 48 cents, or 3%, to $16.02.
"Our team delivered a great quarter, with solid growth and improvements in all regions," said Alan Mulally, Ford's chief executive.