Ford says net income dropped to $1.63bn in Q3 October 30, 2012 - 16:26 AMT PanARMENIAN.Net - Ford Motor Co. says its net income dropped 1 percent to $1.63 billion in the third quarter as European losses swamped record North American profits. According to the AP, without one-time items, including charges for dealer closures, the company earned 40 cents per share. That far exceeded Wall Street's forecast of 30 cents, according to analysts polled by FactSet. Ford's revenue fell 3 percent to $32.1 billion, beating Wall Street's forecast of $31.5 billion. Vehicle sales fell slightly to 1.3 million. The company earned a record $2.3 billion in North America, thanks in part to higher pricing. But it lost $468 million in Europe, where sales have fallen sharply.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |
