5 Ways to Slice Ford’s Success Story
It’s been a good year for Ford Motor Co. (NYSE:F). The once-struggling U.S. automaker has managed to persevere through investor doubt and continue its streak of quarterly profits in 2013 after wrestling with bankruptcy only a few years before. Experiencing renewed consumer demand in the U.S. and moving into new markets, Ford has managed to prove its revived success is here to stay, and may even be more considerable than ever.
That reality was further solidified this week as the automaker’s shares surged upon the release of its third-quarter earnings report on Thursday. Shares hit a 52-week high as investors learned Ford’s revenue had climbed 12.2 percent on the year to $36 billion and its adjusted earnings rose 12.5 percent year over year to 45 cents per share.
The Dearborn, Michigan-based firm also increased its full-year guidance, brightening the rosy picture of Ford’s future. Whether you drink the Ford Kool-Aid or not, here are five new Ford realities that are hard to dispute.