Net income rise of $1.9bn from $1.1bn last year attributed to sales of trucks and sport utility vehicles Ford has reported higher quarterly profits driven by a record performance in North America,despite lost Wall Street estimates because of higher taxes.
Net income rose to $1.9bn (£1.24bn ) in the third quarter from $1.1bn a year ago. After taxes, earnings per share – excluding one-time items – were 45 cents a share, and one penny short of the consensus analyst estimate. The company said the shortfall was due to taxes that came in higher than analysts expected.
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Source: theguardian.com