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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.

Posted-In: profitEarnings News Guidance

 

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