Springfield, MO

Log in Subscribe

Ford's profits drop, but beat expectations

Posted online

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.


No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: Summit Athletix

A construction industry veteran branched out to a new kind of venture with the May 14 opening of Summit Athletix; the newest marijuana dispensary for Flora Farms LLC opened; and Liora’s Original Creations Nail Salon launched.

Most Read
Update cookies preferences