Tuesday, July 26, 2011

Ford Motor Co. (NYSE: F): Q2 2011 Earnings Roundup

Ford Motor Co. (NYSE: F) reported Tuesday that its second-quarter profit dropped to $2.4 billion, or 59 cents a share, from $2.6 billion, or 61 cents a share, in the year-earlier quarter. Revenue climbed to $35.5 billion from $31.3 billion. Analysts, on average, expected earnings of 60 cents a share on revenue of $32.15 billion.

"We delivered very good second quarter results while growing the business globally and serving more customers in every region," said Alan Mulally, Ford president and CEO. "Despite an uncertain business environment, we further strengthened our balance sheet and continued to invest for the future."

For the full year, Ford expects its market share in the U.S and Europe to be equal to or improved from 16% and 8.5%, respectively, in 2010.

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