Unstoppable Ford Motor
Ford Motor (NYSE:F) shares are down 1% today but the company reported a 22% increase in profit which is enough to make investors jump for joy.
Ford Motor Co (F) shares have traded between $9.75 and $18.97 over the past 12 months. Ford shares are now trading with a P/E Ratio of 9.9 and EPS of 1.59.
Today Ford shares are trading at $15.51, down 1% or 16 cents but and volume is currently at 54,272,868 shares traded.
Ford Motor Co. (F) reported a 22% first-quarter profit yesterday its highest in a first quarter since 1998. Citing more sales with fewer discounts, Ford was able to post a number that easily beat analyst’s expectations.
Ford’s profit was 62 cents a share excluding some items, beating the 50-cent average of 14 analysts’ estimates compiled by Bloomberg, as the company won higher prices for fuel- efficient new models.
Ford's CEO talked with the Nightly Business Report on PBS last night, click to read the transcript>>