Ford Profit Rises to $2.6 Billion on Pricier Cars
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Ford Motor Co. reported second-quarter net income of $2.6 billion, completing its most profitable first half in more than a decade, as car buyers pay more for its new models.
Ford earned $4.7 billion in the year’s first six months, its largest first-half profit since 1998, and posted its fifth straight profitable quarter. Excluding some items, profit was 68 cents a share, topping the 41-cent average estimate of 12 analysts compiled by Bloomberg. The second-largest U.S. automaker earned $2.26 billion a year earlier, helped by an accounting gain.