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Ford's profits drop, but beat expectations

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Though Ford's profits were down in the first quarter, they beat analysts' expectations.

The company made $1.1 billion on $40.3 billion in revenue. Earnings per share were 29 cents, above the 27 cents analysts were looking for.

Global restructuring efforts were largely to blame for the drop in profits, said Chief Financial Officer Bob Shanks.

Read more from The Detroit News.

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