Ford (F) price in reverse amid higher profits
Posted on January 29, 2013 at 10:45 AM EST
Normal 0 false false false MicrosoftInternetExplorer4 Shares of Ford (NYSE: F) moved lower 4.5% to $13.16, after the automaker said it expects “another strong year” in 2013 as its quarterly sales and pretax net profit rose. Ford reported fourth-quarter profit of 31 cents a share on revenue of $36.5 billion U.S. Analysts expected adjusted profit of 25 cents. Share volume was 4.9 million, compared to an all-day average of 9.9 million /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}