Ford Q4 Profits Disappoint, But Full Year 2010 Profits Highest in 11 Years

Dennis Costa submits:

Ford (NYSE: F) reported its Full Year and Fourth-Quarter 2010 results on Friday, January 28th, 2011. Shares of the company’s stock slipped in pre-market, as fourth quarter results disappointed investors and analysts expectations. Analysts had been expecting an operating profit of $.48 per share. Ford posted an operating profit of $.30 per share, excluding a one time debt payment charge in the fourth-quarter.

Ford’s fourth-quarter net income came in at $190 million, or $.05 per share, compared to a year ago $886 million, or $.25 per share. These results for the fourth-quarter include a one time charge for a debt payment of $960M. Ford’s full year 2010 net income came in at $6.6 billion, or $1.66 per share, an increase of $3.8 billion over 2009. These full year 2010 profits represent the largest net profit in eleven years or since 1999.

Complete Story »

Vitamin C Scarlett Johansson Christina Ricci Missi Pyle Jessica Alba