Ford releases its first quarter results and beats analyst expectations
posted by Alex @ 9:54 AM
April 24, 2009
Ford reported its first quarter results today before market open, and the results look good, relatively speaking. Ford reported a $1.43 billion loss or 60 cents per share; analysts were expecting a loss of $1.23 per share. Additionally, Ford ended March with $21.3 billion in cash, which is also good news.
Looks like Ford’s turnaround efforts are on the right track. With great new products, efficiency and quality improvements, and hopefully an upturn in the economy, Ford will be on its way to becoming profitable.
Oh, and Ford stock is above 5 bucks today! It was $1.02 at its low in November of last year.
Read the full article at CNBC.
Tags: Finance, Financial Results, First Quarter Results, Ford Motor Company, Stock
