Yurt
Gold Member
Ford swings to $2.7 billion profit
NEW YORK (CNNMoney.com) -- Ford Motor earned $2.7 billion in the second quarter, reversing from an operating loss in the prior year's quarter and easily topping estimates.
The automaker earned 68 cents a share, excluding special items. That compares to a loss of $638 million, or 21 cents a share, on the same basis in the year earlier quarter.
http://money.cnn.com/2010/07/23/news...dex.htm?hpt=T2
ford did not take bailout money, yet amazingly, they are still around and are, gasp, posting profits. kind of shoots a hole in the theory that bailouts were needed. as ford exhibits quite the opposite.
NEW YORK (CNNMoney.com) -- Ford Motor earned $2.7 billion in the second quarter, reversing from an operating loss in the prior year's quarter and easily topping estimates.
The automaker earned 68 cents a share, excluding special items. That compares to a loss of $638 million, or 21 cents a share, on the same basis in the year earlier quarter.
http://money.cnn.com/2010/07/23/news...dex.htm?hpt=T2
ford did not take bailout money, yet amazingly, they are still around and are, gasp, posting profits. kind of shoots a hole in the theory that bailouts were needed. as ford exhibits quite the opposite.