The F-150 Drives Big Profits for Ford at Home
Ford reported a record third-quarter profit this past week. The automaker 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 North America, the "engine" of Ford's business, strong sales of the F-150 pickup -- and gains for Ford's small cars in regions long dominated by import brands -- helped Ford deliver a strong profit of $2.3 billion despite rising costs.
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 North 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 The F-150 Drives Big Profits for Ford at Home originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford and General Motors. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors 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.
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