Tuesday, January 29, 2013

Ford Motor Profit Exceeds Expectations

Ford Motor Profit Exceeds Expectations. Ford Motor successfully reported earnings higher than expected on Tuesday, although on the other hand, they also predict if the losses in Europe will be even bigger due to the persistent economic weakness in the region. The automaker is also optimism to double earnings in fiscal year 2013. Ford profits rise form the 31 cents per share in the fourth quarter of 20 cents per share in the same period the previous year. Total revenues increased to $ 34.5 billion from $ 32.6 billion the previous year, largely driven by sales in North America. While Wall Street analysts had expected Ford Motor may post a profit of 25 cents per share on revenue of approximately $ 32.94 billion.

Operations in Europe has made Ford Motor lost more than $ 1.75 billion last year, or is still in line with the prospect of a loss of about $ 1.5 billion. And for 2013, the company estimates that if the losses are going to grow to $ 2 billion.

  
Ford Earnings Far Exceed Expectations

Ford Motor reported quarterly earnings and revenue results that far exceeded analysts' expectations on Tuesday, pushing its shares to trade higher on pre-opening trade. Earnings outside items rose to 31 cents per share from 20 cents per share a year ago. Revenue rose to 34.5 billion dollars from 32.60 billion a year ago. According to Wall Street estimates, Ford to report earnings of 25 cents per share on revenue of 32.94 billion dollars.

Fitch: UK Face Significant Risk of Downgrade

Britain is facing a significant risk of losing AAA rating hers, as the worsening economy since outlook changed to negative last year, according to David Riley, director of global rating Fitch Ratings. "We have set a negative outlook for the UK for almost 12 months and during that time the economic and fiscal outlook even worse," according to Riley.

Pfizer Sales Shoot Higher Earnings


Pfizer reported fourth quarter earnings that exceeded Wall Street's expectations on Tuesday, helped by higher sales level in developing countries. Following the announcement, shares of Pfizer traded up slightly ahead of the opening. Pfizer has received billions of dollars worth of 6:32, or 85 cents per share last quarter, up from 1:44 billion dollars, or 19 cents per share a year expect Pfizer to report earnings of 44 cents per share on revenue of billion dollars worth of 14:38.

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