Ford Inside News banner

1 - 1 of 1 Posts

4,679 Posts
Discussion Starter #1
July 27, 2007


  1. “The results show the power of one plan, increasingly common processes … an unsentimental readiness to jettison anything that detracts from the core and clear, simple business logic … For months, Ford’s story carried the stench of an ugly, preordained ending. Too much of the mounting evidence suggests that was a hasty conclusion – and that’s good.” – “Ford defies usual script with profit, more growth,” Detroit News, July 27, 2007
  2. “This is no fluke. Not only did Ford Motor Co. ring up its first quarterly profit in two years, but it vaulted well past the numbers predicted by Wall Street experts for the second time in a row. Chief Executive Officer Alan Mulally and his suddenly disciplined team at the Glass House in Dearborn beat expectations by losing $720 million less than expected in the first three months of 2007, then trumped that performance Thursday by posting a $258-million second-quarter operating profit. Wall Street analysts had projected $700 million in red ink for the quarter … Michael Robinet, vice president of global forecasting for CSM Worldwide in Novi, said Ford is showing progress in making the kind of fundamental changes necessary for all of Detroit’s automakers.” – “At long last, goals in sight for Mulally,” Detroit Free Press, July 27, 2007
  3. “Ford’s profit from continuing operations, excluding one-time items, was 13 cents per share. That blew past the average Wall Street forecast of a loss of 37 cents per share as tracked by Reuters Estimates. Although the automaker has seen some recent sales success for its new crossover models like the Ford Edge and won quality accolades during the quarter, Wall Street analysts had not expected the automaker to report a quarterly profit.” – “Ford swings to surprise profit,” Reuters News, July 26, 2007
  4. “Most analysts seem to agree that the automaker’s gains are substantial, real and bode well for the future. ‘They outperformed across the board,’ said Bradley Rubin of BNP Paribas. ‘Globally, they’re certainly making progress. The North American results were about half a billion better than people expected – and that’s impressive for a market like this. I think something is working here.’” – “Ford Motor Co. surprises Wall Street with $750 million profit,” Detroit News, July 26, 2007
  5. “Ford Motor Co., the second-biggest U.S. automaker, surprised investors with its first quarterly profit in two years, helped by the sale of Aston Martin and reduced spending on pensions and warranties … ‘It’s a very impressive performance,’ said John Casesa, managing partner of auto consulting firm Casesa Strategic Advisors LLC in New York.’” – “Ford Has Surprise $750 Million Profit, Ending Losses,” Bloomberg, July 26, 2007
  6. "Clearly, the work has just begun for Ford,’ Bear Stearns analyst Peter Nesvold said in a note to investors. ‘However, this is the third consecutive quarter since Mulally came on board that the company upsided cash flow, if not (earnings per share), expectations. That’s encouraging.’” – “Ford Posts First Profit in Two Years,” Dow Jones, July 26, 2007
  7. “Ford Motor broke a seven-quarter losing streak, posting a second-quarter net profit of $750 million, surprising analysts who were expecting yet another loss … J.P. Morgan analyst Himanshu Patel credited some of Ford’s second quarter strength to Super Duty F-Series pickups.” – “Ford earns $750M in Q2, first profit in 2 years,” USA Today, July 27, 2007
  8. “Is Ford finally shifting out of reverse? The nation’s No. 2 automaker Thursday reported $750 million in earnings for the second quarter. It was Ford Motor Co.’s first quarterly profit in almost two years and defied Wall Street’s expectations of another steep loss.
    Cost cutting, increased sales of higher-profit vehicles and strong results in overseas markets contributed to the surprise shift, although Ford also reported improvement in its core North American operations. ‘It was a blowout quarter,’ said David Healy, an analyst with Burnham Investment Research. ‘It’s an indication that the cost-cutting program is making progress more rapidly than expected.’” – “Ford makes a U-turn back to profitability: With $750 million in quarterly earnings, the carmaker breaks a nearly two-year slump,” L.A. Times, July 27, 2007
  9. “…investors applauded Ford’s $750 million second-quarter profit … Ford shares rose on a day when many other companies’ shares tumbled.” – “Ford surprises Wall Street with 1st profit in 2 years, but warns of rough times ahead,” Associated Press, July 26, 2007
  10. “After seven straight quarters of posting losses, Ford has surprised the industry by reporting a net profit of $750 million for the second quarter of 2007 … it’s nice to finally see the Blue Oval in the black again.” – “Eight was Enough: Ford posts second quarter profit of $750 million,”, July 26, 2007
1 - 1 of 1 Posts