Ford Earns $1.6 Billion In Q3 2011 Net Income
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Ford Motor Company (NYSE:F) has announced a third quarter net income of $1.6 billion, or 41 cents per share. This is a $38 million decrease from Q3 2010. The pre-tax operating profit was $1.9 billion. The total company revenue for the third quarter was $33.1 billion, which is up $4.1 billion from Q3 2010. Ford Credit also reported a pre-tax operating profit of $581 million. This is a decrease from Q3 2010.
“We delivered solid results for the third quarter despite an uncertain business environment by continuing to serve our customers around the world with best-in-class vehicles,” stated Ford President and CEO Alan Mulally. “We accomplished this while continuing to invest for future growth and focusing on developing outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value.”