USA: Ford earns $888 million in third quarter
Ford Motor Company [NYSE: F] today reported third quarter net income of $888 million, or 53 cents per diluted share of common and Class B stock. A year ago, third quarter earnings from continuing operations were $959 million, or 78 cents per diluted share. The decrease in earnings of $71 million is more than explained by the impact of Firestone's ongoing tire recall. Without the Firestone tire recall, profits would have been a record in the third quarter.
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