Market Overview

Ford Motor Company's Profit Drops

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Ford Motor Company (NYSE: F) announced its results for the third quarter on October 26, 2011. Let's take a closer look at the company's industry, financials, and commentary and see what steps you can take next.

Earnings and Revenue:

Wall Street watched as Ford Motor Company topped expectations with its latest EPS and revenue figures. The company reported adjusted net income of 46 cents/share versus the 44 cents/share estimate and revenues of $33.1 billion versus the $29.86 billion estimate. Revenue climbed 14% from the same period last year.

This marks the second quarter in a row that the company's net income has fallen after profits tumbled 7.7% in the second quarter. Ford Motor Company's revenue has grown during each of the past three quarters on a year-over-year basis.

Income:

For the year, Ford Motor Company reported net income of $2.03/share. The company fell short of analysts' projections of $2.08/share. According to the reported number, the company's income fell 2.3% from last year's levels.

Conference Call:

The conference call for third quarter earnings can be accessed here.

Official Comment:

"We delivered solid results for the third quarter despite an uncertain business environment by continuing to serve our customers around the world with best-in-class vehicles," said Alan Mulally, Ford president and CEO. "We accomplished this while continuing to invest for future growth and focusing on developing outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value."

Industry:

Ford Motor Company's industry, domestic automobiles, is currently reporting price/earnings growth of 0.6%.

What to Do Next:

That's it -- now you have all the facts to help you decide whether to buy, sell or hang onto your Ford Motor Company shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.

  • To see up-to-date news on Ford Motor Company, click here
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  • To see other company earnings recaps, click here
 

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