CNBC: Ford Loss Much Narrower than Expected [Archive] - Ford Inside News Community

: CNBC: Ford Loss Much Narrower than Expected

04-24-2009, 07:55 AM

Ford Loss Much Narrower than Expected
| 24 Apr 2009 | 07:11 AM ET

Ford Motors reported a narrower loss than Wall Street expected Friday and also said it reduced its cash outflow "significantly."

Ford reported a net loss of $1.4 billion, or 60 cents a share in the first quarter. Excluding one-time items Ford said it lost 75 cents a share.

Sales, excluding special items, were $24.8 billion, down from $39.2 billion in the year-ago period.

On average, analysts surveyed by Thomson predicted a loss, excluding items, of $1.23 a share with sales of about $22 billion.

The company expects to be profitable in 2011, Ford CEO Alan Mulally told CNBC's Phil LeBeau.

Operating-related cash flow was reduced to -$3.2 billion.

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04-24-2009, 06:20 PM
Remembering that Volvo's sale will rbing in probably around 4b, that cancels this loss.

04-24-2009, 06:39 PM
Has Volvo found a buyer yet?

04-24-2009, 06:49 PM
I do not think there is a buyer for Volvo yet.

Ford stock is trading at $5.08 and I think it will go a lot higher very soon.

Logans Run
04-29-2009, 08:25 AM
I just read that Honda LOST $2.9 Billion last quarter. that is TWICE as much as Ford lost!

Ford is really doing well compared to their main competition.