Ford Reports 4th Quarter Profits, Tops Estimates

- January 29, 2013

Ford Motor Com­pa­ny, the sec­ond-largest U.S. automak­er, report­ed fourth-quar­ter prof­it that exceed­ed ana­lysts’ esti­mates for North Amer­i­ca.

Find out which mod­el drove the record results.

Ford Motor Co., the sec­ond-largest U.S. automak­er, report­ed fourth-quar­ter prof­it that exceed­ed esti­mates as demand for its F-Series pick­ups drove record results for its oper­a­tions in North Amer­i­ca.

Ford report­ed net income of $5.67 bil­lion for the full year. The prof­it in 2012 boosts the company’s earn­ings to $35.2 bil­lion the past four years after los­ing $30.1 bil­lion from 2006 through 2008.

Increased demand for Dear­born, Michi­gan-based Ford’s F- Series, which have led the full-size pick­up seg­ment in the U.S. for 36 years, is pac­ing the company’s results at home. F-Series deliv­er­ies climbed 10 per­cent last year to 645,316, sur­pass­ing the 4.7 per­cent gain in Ford’s total U.S. vehi­cle sales.

Ford’s fourth-quar­ter rev­enue rose 5.5 per­cent to $36.5 bil­lion, beat­ing the $33 bil­lion aver­age esti­mate of 11 ana­lysts sur­veyed by Bloomberg.

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