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Ford tops Street 1Q forecasts

DEARBORN, Mich. (AP) _ Ford Motor Co. (F) on Thursday reported first-quarter earnings of $2.45 billion.

On a per-share basis, the Dearborn, Michigan-based company said it had profit of 61 cents. Earnings, adjusted for non-recurring costs, were 68 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The automaker posted revenue of $37.7 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $36.1 billion.

Ford shares have decreased 3 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen 2.5 per cent. The stock has fallen 14 per cent in the last 12 months.

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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

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Keywords: Ford, Earnings Report, Priority Earnings