Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

We asked traders for their opinion on the launch of bitcoin futures

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

Energy demand steps back in play
Advertisement
more Volatility>>

Volatility

Volatility & opportunity in the energy sector
more Financials>>

Financials

Daily Price Action: E-mini S&P 500
more Options>>

Options

Trading Vertical Option Spreads

Advertisement

Best to come at Ford as record profit precedes sales surge

By Craig Trudell, Bloomberg

July 25, 2013 • Reprints

Ford Motor Co., fresh off record first-half profit in North America, has plenty left in the tank as it builds more of the models pacing the U.S. auto industry’s growth.

Ford, the second-largest U.S. automaker, made $4.77 billion in its home region during the year’s first six months, driven by surging demand for Fusion family cars and F-Series pickups. The Dearborn, Michigan-based company is adding factory capacity to build more of both of those models starting this quarter.

Even with limited supply of models such as Fusion, which quickly became one of the top-selling cars in the U.S., Ford has gained the most share in a home market that continues to accelerate more rapidly than analysts estimated. Industry sales in July may again run at an annualized pace of almost 16 million, Ford said, keeping the U.S. on pace for the most deliveries of cars and light trucks since 2007.

“Did we probably leave a few sales on the table? Yeah, probably,” Mark Fields, Ford’s chief operating officer, said yesterday on a conference call. “We’re rectifying that as we go into the second half of the year.”

Unlike 2007 or 2000, when U.S. sales peaked at 17.4 million, Ford’s namesake brand has a more complete lineup, including competitive small and mid-size cars. With a new F-150 coming next year, the company may be poised for even better results.

Raising Outlook

Ford raised its outlook for automotive operating margin and cash flow for the year while cutting its loss forecast for Europe. It’s applying a restructuring plan there similar to Chief Executive Officer Alan Mulally’s strategy that led to North America’s record profit.

“We’ve said before that the company has the potential to grow earnings significantly over the next two to three years,” Peter Nesvold, a New York-based auto analyst for Jefferies Group LLC, wrote today in a report. “With favorable trends in the U.S. from replacement demand and the housing recovery, a likely bottoming in Europe, and growing market share in Asia, we like what we see.”

Ford reported second-quarter net income of $1.23 billion, or 30 cents a share, yesterday in a statement. Excluding some items, the per-share profit was 45 cents, exceeding the 37-cent average estimate of 17 analysts surveyed by Bloomberg.

The shares slipped 0.9% to $17.21 at 9:33 a.m. New York time after finishing at $17.37 yesterday, their highest close since January 2011. Ford gained 34% this year through yesterday, outpacing an 18% increase for the Standard & Poor’s 500 Index.

Page 1 of 3
>>next >

About the Author

Copyright 2014 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Related Articles
Daily Price Action: E-mini S&P 500
Daily Price Action: E-mini S&P 500
Daily Price Action: E-mini S&P 500
Daily Price Action: E-mini S&P 500
GBP/USD drops as weak CPI reduces BoE May rate rise odds
Previous
Oil falls as production hits 22-year high
Next
Facebook surges after rising sales quiet mobile-ad skeptics
Related Terms
Bloomberg 5254financials 2975stocks 2123Standard & Poor 2008equities 1689Michigan 789earnings 303Ford Motor Co. 173General Motors Co. 163Chrysler Group LLC 83Ford 71Volkswagen AG 44profits 38Autodata Corp. 24Jefferies Group LLC 24energy boom 18Alan Mulally 15Guggenheim Securities 9Bob Shanks 9Mark Fields 4Douglas C. Lane & Associates 3family car 3Peter Nesvold 3Matthew Stover 2Michael Razewski 1

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images