Ford Motor profit falls as U.S., China weaker than expected

Stock market

Business, Investing

Ford Motor Co (N:F) reported second quarter profit that was weaker than expected as the company said sales in the United States and China did not match company expectations.

Ford reported net income of $1.97 billion, or $0.49 per diluted share, versus $2.16 billion or $0.54 per share a year ago. Its earnings excluding one-time items was $0.52 per share versus analyst expectations of $0.60 per share.

Source Reuters