Boston, MA 10/24/2013 (wallstreetpr) - Ford Motor Company (NYSE:F) is set to announce its 3Q2013 results today. Analysts will be watching how the automaker fared in Europe as it had lost $1.7 billion in this market last year. Ford CEO Alan Mulally has taken several steps at restructuring the company’s operations globally, including Europe, and analysts are confident of the strong performance from the company. Revenues are expected to be $34.18 billion this quarter, a rise of 13% from $30.25 billion for 3Q2012 results. The earnings are expected to be $0.37 per share, a drop of 7.5% over the last year same period earnings of $0.40 per share. Ford had reported revenues of $38.10 billion and earnings of $0.45 per share, excluding special item adjustments, in the second quarter of 2013. Ford has beaten analysts’ expectation in the last four consecutive quarters, with upsides of 10 to 33%. Analysts and investors are betting that it will also be able to do so this quarter.
The company has notched up impressive auto and truck sales in North America. Ford has recorded record sales in its F-150 truck, and the F-series has surpassed 60,000 marks with no signs of slowing. The F-series are now America’s best selling model.
The restructuring of the European operations also appears to show results. Volumes have improved in this quarter, and there is strong demand for B-MAX Kuga and Transit Custom. The company had a retail share of 8.4% in the second quarter and expects the market share improving further. It has decided to accelerate new vehicle launches here. The company expects to earn profits from this region in the near future.
China is also expected to post strong results in this quarter. The company sold over 9000 units of Fusion (branded Mondeo in China) in the very first month of launch.
The shares of the company closed at $17.52 at the end of trading on October 23, 2013, very near to the 52 week high of $17.77.