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Ford SMASHES Expectations

Sam RoJul 24, 2013, 16:33 IST

APFord's Q2 financial results are out, and the numbers look very strong.

Earnings adjusted for non-recurring items came in at $0.45 per share, which blew away expectations for $0.37.

"Our strong second quarter with improved results in every region around the world is another proof point that our One Ford plan is continuing to deliver and is building momentum," said CEO Alan Mulally.

Ford's operating profit margin in North American expanded to 10.4% from 10.2% a year ago.

More to come...