Ford Shows Earnings, Really (F)

Posted in pre-market 
November 2nd, 2009

Ford Motor Co. (NYSE: F) is soaring on the company’s earnings report showing that the only non-bailout car company made $1 billion in the third quarter. It reported net income of $997 million, or $.28 per share, an improvement of $1.2 billion from the third quarter of 2008. Pre-tax operating profit totaled $1.1 billion, an improvement of $3.9 billion from a year ago.  At 8:40 AM EST we have seen 6.4 million shares trade hands and the stock is up at $7.62 after closing at $7.00.  Be advised that average volume is over 70 million shares. -JON OGG

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