Ford's Third-Quarter Profit Decreases, But Beats Estimates

NEW YORK, Oct 29 (Bernama-dpa) -- US carmaker Ford Motor Co released a profit for the third quarter that decreased from last year reported German news agency dpa.

The company's bottom line came in at US$892 million, or US$0.22 per share.  This compares with US$1.2 billion, or US$0.30 per share, in last year's third quarter.

Excluding items, Ford Motor Co. reported adjusted earnings of US$1.9 billion or US$0.49 per share for the period. Analysts on average had expected the company to earn US$0.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5 per cent to US$46.196 billion from US$43.801 billion last year.

--BERNAMA-dpa