Ford reported first quarter 2010 net income of $ 2.1 billion
U.S. car manufacturer Ford Motor Company returned to profit in first fiscal quarter, with net income of $ 2,100,000,000, thus exceeding analyst estimates, while the similar 2009 period suffered.
The automaker reported a first quarter 2010 profit of $ 2.1 billion, or 50 cents per share, compared to loss of 60 cents per title in the similar quarter last year.
Ford Automotive Operations recorded an operating profit before paying taxes, of $ 1.2 billion, compared with losses of $ 2 billion over the first quarter of 2009. North American division reported first quarter operating profit of over 1.2 billion, compared with losses of $ 700 million from first quarter last year. Ford of Europe has an operating profit of 107 million dollars compared to losses of 585 million dollars in 2009.
Ford has reported such positive fourth quarter results, the longest series of gains in 2005. The company announced on that occasion that he expects "a strong result for 2010, compared with initial estimates made by the Director General Alan Mulally.
Ford sales increase 37% in March, more than twice the average market share market climbed to the second U.S. auto manufacturer fastest in 33 years.
Also, the car manufacturer's revenue increased by 15% from $ 24,400,000,000 to $ 28,100,000,000.
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