Ford Profit Rises on Lower Tax Rates
Ford Motor Company (NYSE: F) said that its second-quarter net income increased 3.7% from a year ago, to $2.05 billion, on a reduction in its tax rate. But its pre-tax profit fell 16%, to $2.51 billion, largely because of unfavorable exchange-rate swings and higher steel costs. Revenue rose about 1%, to $39.6 billion.
Here are the key numbers from Ford's second-quarter earnings report.
Data source: Ford Motor Company. "Adjusted" figures exclude the effects of one-time items. "Automotive" figures are for Ford's core automaking business and exclude its financial-services unit. "Ppts" = percentage points.
Source: Fool.com
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