Ford reports biggest profits since '98
 

http://www.autoblog.com/2012/01/27/f...to-meet-estim/

Ford has announced the company's single largest profit since 1998, thanks in part to a one-time tax gain. The company drew in a net income of $13.6 billion last quarter and the news marked the automaker's 11th consecutive profitable quarter. For perspective, Ford made $190 million in 2010. The company's net income was bolstered by the fact that Ford eliminated a valuation allowance against deferred tax benefits. The company created the valuation allowance in 2006 when it began reporting operating losses. Analysts reportedly see the elimination as a sign that the manufacturer expects to be profitable in coming years.

The company made $8.8 billion in profit in 2011, or $1.51 a share. That's an increase of $463 million over 2010. Even so, the company's net income missed analysts' estimates thanks in part to higher commodity costs, currency fluctuations and flooding in Thailand. The automaker spent $100 million more in commodities like steel than it projected. Those facts, combined with a deteriorating European market, helped Ford miss analyst estimates by 5 cents per share

Should say "Despite massive profits and healthy trend lines in the North American and Asian markets, Wallstreet continues to neglect Ford stock."

Agreed. I had a short rant on my Facebook page about how they are still putting down Fords business performance. It's like they don't want people to succeed. Yeah so Ford you've done good but not that good. Come to think about it you've kinda just been staying off life support! I just don't understand that way of thinking.