Ford May See Record Third-Quarter Earnings - DailyFinance

Ford May See Record Third-Quarter Earnings - DailyFinance

Ford Motor (F) is set to report record earnings for the three months ending September when the automaker releases its third-quarter profits before U.S. stock markets open Tuesday. Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion compared to $997 million in the year-ago period, according to analyst estimates compiled by Bloomberg News. The automaker's current third-quarter earnings record is $1.13 billion, set in 1997.On a per-share basis, Ford is expected to report earnings of 37 cents, according to a consensus estimate of 13 analysts polled by Zacks.com. In the third quarter last year, the automaker earned 26 cents a share. Under the leadership of Alan Mulally, Ford has piloted a so-far successful turnaround of the 107-year-old company. Last year marked Ford's first full-year profit since 2005, and the Dearborn, Mich.-based company is on target for a profitable 2010.See full article from DailyFinance: http://srph.it/9xMGys