DEARBORN, Mich. (AP) _ Ford Motor Co. (F) on Thursday reported fourth-quarter earnings of $52 million.
On a per-share basis, the Dearborn, Michigan-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
The automaker posted revenue of $35.9 billion in the period, which also beat Street forecasts. Analysts expected $34.1 billion, according to Zacks.
Ford shares have decreased nearly 7 per cent since the beginning of the year, while the Standard & Poor’s 500 index has dropped nearly 3 per cent. The stock has decreased 8 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on F at http://www.zacks.com/ap/F
Keywords: Ford, Earnings Report, Priority Earnings