Ford’s Q4 Profit Plummets on Items; Adjusted Net Beats View; Warns of 2013 European Loss (F)

Auto maker Ford Motor Company (F) on Tuesday posted better-than-expected fourth quarter earnings results, but warned of an expected loss in its European segment in 2013.

The Dearborn, MI-based company reported fiscal fourth quarter net income of $1.6 billion, or 40 cents per share, compared with $13.61 billion, or $3.40 per share, in the year-ago period. Excluding special items, adjusted profit was 31 cents per share.

Revenue rose 5.5% from last year to $36.5 billion.

On average, Wall Street analysts expected a much smaller profit of 25 cents per share, on lower revenue of $32.94 billion.

Looking ahead, the company noted it expects its European operations to operate at a net loss of around $2 billion in 2013.

Ford shares fell 20 cents, or -1.5%, in premarket trading Tuesday.

The Bottom Line

Ford Motor Company (F) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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