Ford Otosan's Third-Quarter Profit Drops 17% to $80.4 Million, Beats Estimates
Posted on November 06, 2012 at 01:59 AM EST
ISTANBUL--November 6, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Turkey's largest automotive firm, Ford Otosan (Kocaeli, Turkey), the Turkish unit of Ford Motor Company (NYSE:F) (Dearborn, Michigan) that is in partnership with Koc Holding AS (Istanbul, Turkey), announced $80.4 million net income for July-September 2012, down 17% from the same period last year. The market consensus for income was $67.6 million.