UPDATE: Ford Posts Higher Q4 Profit
Ford Motor Co (NYSE. F) reported a rise in its fourth-quarter profit.
Ford's quarterly profit surged to $3.04 billion, or $0.74 per share, from a year-ago profit of $1.60 billion, or $0.40 per share. Its adjusted earnings came in at $0.31 per share.
Its revenue surged to $37.6 billion versus $36.3 billion. However, analysts were expecting a profit of $0.28 per share on revenue of $34.96 billion.
For 2014, Ford projects a pretax profit of $7 billion to $8 billion.
Ford shares gained 2.16% to $16.05 in pre-market trading.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.