Ford Reports Lower-Than-Expected Fourth Quarter on Higher Commodity Costs
Description:Ford Motor Co reported a lower-than-expected fourth-quarter profit today due to higher commodity costs and losses in its automotive operations in Europe and Asia. Excluding one-time items, the No. 2 U.S. automaker's operating profit fell to $1.1 billion from nearly $1.3 billion a year earlier. Analysts, on average, expected an adjusted profit of 25 cents per share.(1:13)