Big Gains in South America Help Ford to Record Profits
Ford reported a record third-quarter profit this past week. The company earned $0.45 a share before taxes and special items, a number that blew away Wall Street estimates, as all of Ford's global regions delivered solid results.
In South America, where Ford barely broke even a year ago, the company posted a handsome $159 million profit for the quarter. That gain came the old-fashioned way: Sales were up, and so were profits.
Fool contributor John Rosevear spoke with Ford's chief financial officer, Bob Shanks, shortly after the company's earnings were released on Thursday. In this video, he dives deeper into Ford's third-quarter results in South America, explaining the high points -- as well as the areas where Ford says it still has work to do.
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The article Big Gains in South America Help Ford to Record Profits originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends and owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.