Ford Motor Co. leading U.S. stocks higher

Ford Motor Co. profit increased by $ 340 million

In brief: Ford Motor Co. reports of high profits as the U.S. stock market is the market begins to grow.

U.S. stock market took the good news from Ford Motor Co. with awe and joy. Bulls raced to push bears closer to the exit. Ford was pleased even European markets.

U.S. carmaker Ford Motor Co. reported an increase in net profit for the second quarter with $ 2.26 billion to $ 2.6 billion due to increased demand for new models of cars. At the same time, earnings per share fell from 69 cents to 61 cents due to increasing number of securities companies to handle. Excluding certain items profit totaled 68 cents per share on average analysts’ forecast of 40 cents per share.

Anrey Torbinski
2010-07-23 14:01, Economics.

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