Ford Motor sets records for profit at 113%
Ford's net income was $2.45 billion
 "The Ford logo is seen on a vehicle at Ford car plant in Craiova. Photo: Reuters")
The Ford logo is seen on a vehicle at Ford car plant in Craiova. Photo: Reuters
Ford Motor Co reported a 113% rise in net income and company records for global and North American operating margins.
Ford's net income was $2.45 billion, or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago.
Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 28 2016 | 4:36 PM IST