Ford posts quarterly profit vs. year-earlier loss

Newswire

DETROIT, Jan 20 (Reuters) - Ford Motor Co. on Thursday reported a quarterly profit, reversing a year-earlier loss, on the strength in its finance arm. The No. 2 U.S. automaker said fourth-quarter net income was $104 million, or 6 cents a share, compared with a year-earlier loss of $793 million, or 43 cents a share. Excluding one-time charges, Ford earned 28 cents a share. Wall Street analysts' average forecast was 27 cents, according to Reuters Estimates.

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