Ford has a profitable 2009

1bad65 · 01-28-2010, 08:53 AM

"Ford Motor reported its first full-year profit since 2005 and said it expects to be profitable again in 2010.

The automaker, which has outpaced the turnaround at both its domestic and some overseas rivals, said Thursday that it earned $2.7 billion in 2009. The company was helped by special items that added $2.6 billion to its bottom line during the year.

But even without that assistance, Ford (F, Fortune 500) essentially broke even after taxes. That's far better than the loss of 31 cents per share that analysts had forecast for 2009. Ford lost $7.3 billion, or $3.20 a share, on that basis in 2008.

Ford shares rose about 5% in pre-market trading following the announcement.

For the fourth quarter, the company reported a net profit of $868 million. Its operating income of $1.6 billion, or 43 cents a share, was a dramatic improvement from the operating loss of $3.3 billion, or $1.40 a share a year earlier. This also easily topped forecasts of a 26 cent per share operating profit."

Complete article: http://money.cnn.com/2010/01/28/news...dex.htm?hpt=T2

nester7929 · 01-28-2010, 09:37 AM

Good, maybe the other Big 2 will post a profit soon also.

*Mr. Wyndham* · 01-28-2010, 09:40 AM

Quote:

Originally Posted by nester7929

Good, maybe the other Big 2 will post a profit soon also.

I know they won't for '09. GM stands a good chance, however, at profiting in '10...no idea with Chrysler.

bpmurr · 01-28-2010, 12:08 PM

Chrysler isn't going to make a profit with their bland product line. The only thing that might work in their favor is that they've reduced the cost of building an old product line.

Ghost of Vincent Price · 01-28-2010, 12:15 PM

The big three all stand a bigger chance of making profits now that Toyota took this pretty big hit. HIP HIP HOORAY!

Funny though that a ford guy posts this in a GM website. I bet he didnt post it in any ford sites. LOL Nobody would of seen it.

01-28-2010, 08:53 AM	#1
1bad65 Banned Drives: 2007 Mustang GT Join Date: Jul 2009 Location: Austin Posts: 1,148	Ford has a profitable 2009 "Ford Motor reported its first full-year profit since 2005 and said it expects to be profitable again in 2010. The automaker, which has outpaced the turnaround at both its domestic and some overseas rivals, said Thursday that it earned $2.7 billion in 2009. The company was helped by special items that added $2.6 billion to its bottom line during the year. But even without that assistance, Ford (F, Fortune 500) essentially broke even after taxes. That's far better than the loss of 31 cents per share that analysts had forecast for 2009. Ford lost $7.3 billion, or $3.20 a share, on that basis in 2008. Ford shares rose about 5% in pre-market trading following the announcement. For the fourth quarter, the company reported a net profit of $868 million. Its operating income of $1.6 billion, or 43 cents a share, was a dramatic improvement from the operating loss of $3.3 billion, or $1.40 a share a year earlier. This also easily topped forecasts of a 26 cent per share operating profit." Complete article: http://money.cnn.com/2010/01/28/news...dex.htm?hpt=T2

01-28-2010, 12:08 PM	#4
bpmurr The Enemy ;) Drives: 2017 Shelby GT350 Join Date: May 2009 Location: Baltimore, MD Posts: 489	Chrysler isn't going to make a profit with their bland product line. The only thing that might work in their favor is that they've reduced the cost of building an old product line. __________________ 2017 Shelby GT350 Former Stangs: 2016 Shelby GT350 2015 GT PP 2014 GT500 SVTPP/Track Pack 2013 Boss 302 2011 GT500 SVTPP 2010 GT500 2005 GT

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01-28-2010, 09:37 AM	#2
nester7929 Rice Harvester Drives: 2014 Bright Yellow 2SS/RS Join Date: May 2008 Location: Plainview, TX Posts: 1,449	Good, maybe the other Big 2 will post a profit soon also.

01-28-2010, 12:15 PM	#5
Ghost of Vincent Price Banned Drives: 2010 Camaro Join Date: Jan 2010 Location: underground Posts: 374	The big three all stand a bigger chance of making profits now that Toyota took this pretty big hit. HIP HIP HOORAY! Funny though that a ford guy posts this in a GM website. I bet he didnt post it in any ford sites. LOL Nobody would of seen it.