Ford Tops Street View And Ups 2011 Guidance From Breakeven To "Solidly Profitable"

Ford reported third quarter earnings of 26c versus Street view of a 12c loss. Ford Motor (NYSE: F) reports Q3 revenue of $30.9 billion versus Street view of $28.3 billion.

Ford remains on track to achieve or exceed all of its 2009 financial targets and almost all of its operational metrics and expects to be profitable in the fourth quarter and for the full-year 2009.

Based on F's recent performance and present planning assumptions, Ford is changing its full-year 2011 guidance for total company and North American Automotive operations from being "breakeven or better" to "solidly profitable" on a pre-tax basis excluding special items, with positive Automotive operating-related cash flow.