First quarter net income was $2.6 billion, or 61 cents per share, a $466 million increase from first quarter 2010. Pre-tax operating profit was $2.8 billion, or 62 cents per share, an increase of $827 million from first quarter 2010. Ford has posted a pre-tax operating profit for seven consecutive quarters.
Automotive pre-tax operating profit was $2.1 billion for the first quarter, an increase of $936 million from first quarter 2010.
Ford Credit reported a pre-tax operating profit of $713 million for the first quarter, a decrease of $115 million from first quarter 2010.
Total Company revenue was $33.1 billion in the first quarter, up $5 billion from first quarter 2010.
Ford generated positive Automotive operating-related cash flow of $2.2 billion in the first quarter, an improvement of $2.3 billion from first quarter 2010.
Ford continued to reduce Automotive debt with an additional $2.5 billion of net debt reductions in the first quarter as a result of the redemption of all outstanding Trust Preferred Securities.
Ford ended the first quarter with Automotive gross cash of $21.3 billion, an increase of $800 million compared to the end of 2010. Ford’s Automotive gross cash exceeded debt by $4.7 billion, an improvement of $3.3 billion from year end 2010.
Ford ended the first quarter with $30.7 billion in total Automotive liquidity, an increase of $2.8 billion from year end 2010.
For full year results, Ford plans to deliver continued improvement in pre-tax operating profit and Automotive operating-related cash flow compared to 2010.
December 23- 2012
NEW YORK (AP) -- A look at New York Stock Exchange 10 most-active stocks at the close of trading:
AT&T Inc. rose .2 percent to $33.74 with 9,521,600 shares traded.
Advanced Micro Devices Inc. fell 4.2 percent to $2.48 with 9,529,800 shares traded.
Bank of America Corp. fell .4 percent to $11.25 with 48,271,000 shares traded.
Chimera Investment rose 2.3 percent to $2.70 with 10,602,000 shares traded.
Ford Motor Co. rose 4.6 percent to $12.40 with 86,447,300 shares traded.
General Electric Co. fell .3 percent to $20.82 with 14,880,200 shares traded.
Herbalife Ltd. fell 4.4 percent to $26.06 with 18,520,500 shares traded.
Hovnanian Enterprises Inc. fell 3.4 percent to $6.76 with 11,282,200 shares traded.
Pfizer Inc. was unchanged at $25.08 with 10,706,100 shares traded.
Rite Aid Corp. rose 6.5 percent to $1.31 with 10,912,600 shares traded.
http://www.ford.com/
http://www.ford.com/new-cars/
http://imgur.com/r/Economics/3MfpG
http://markets.on.nytimes.com/research/stocks/tools/analysis_tools.asp?symbol=F
http://finance.yahoo.com/echarts?s=F+Interactive#symbol=f;range=2y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
