Ford Motor Co reported its best first-quarter profit in 13 years, driven by strong sales in its home market and demand for more fuel efficient vehicles.
Net income rose to $2.55 billion, or 61 cents a share, compared with $2.09 billion, or 50 cents a share, in the year earlier period. It was the highest first-quarter net income since 1998.
Excluding one-time items, it earned 62 cents a share, easily topping the 50 cents analysts had expected. It was the seventh straight quarter of operating profit.
Revenue rose to $33.1 billion from $28.1 billion last year. Analysts had expected $29.7 billion.
Reuters