xcel
01-27-2009, 04:47 PM
Thursday will likely be another painful and revealing day for Ford Motor Co. -- the only Detroit automaker that hasn’t taken a federal loan to stay afloat. (freep.com/article/20090127/BUSINESS01/90127049/1014/Analysts++More+big+earnings+losses+ahead+for+Ford)
http://www.cleanmpg.com/photos/data/501/2007_Ford_Grille_and_Logo.jpgBrent Snavely – Detroit Free Press – Jan. 27, 2009
Like an airliner in a nose dive. Can they somehow pull out before they impact the ground? -- Ed.
The Dearborn car company is scheduled to announce its fourth-quarter and year-end earnings early Thursday. Analysts are expecting a loss of $2.95 per share for the year, according to a consensus estimate from Thomson One Analytics.
Analysts are forecasting a loss of $1.19 per share for the fourth quarter, one of the worst U.S. sales periods in recent history.
“It’s going to be a bloodbath,” Kevin Tynan, senior analyst with Argus Research Co. in New York, told the Free Press.
Thomson’s estimates exclude one-time charges for restructuring and other matters. But Tynan said he expects Ford’s year-end earnings statement will be filled with one-time charges to cover cost-cutting actions...
“Our intention is to not tap federal money, but we have asked for a line of credit in case things really implode,” Ford Executive Chairman Bill Ford Jr. said during an interview with the Free Press earlier this month… http://www.freep.com/article/20090127/BUSINESS01/90127049/1014/Analysts++More+big+earnings+losses+ahead+for+Ford
http://www.cleanmpg.com/photos/data/501/2007_Ford_Grille_and_Logo.jpgBrent Snavely – Detroit Free Press – Jan. 27, 2009
Like an airliner in a nose dive. Can they somehow pull out before they impact the ground? -- Ed.
The Dearborn car company is scheduled to announce its fourth-quarter and year-end earnings early Thursday. Analysts are expecting a loss of $2.95 per share for the year, according to a consensus estimate from Thomson One Analytics.
Analysts are forecasting a loss of $1.19 per share for the fourth quarter, one of the worst U.S. sales periods in recent history.
“It’s going to be a bloodbath,” Kevin Tynan, senior analyst with Argus Research Co. in New York, told the Free Press.
Thomson’s estimates exclude one-time charges for restructuring and other matters. But Tynan said he expects Ford’s year-end earnings statement will be filled with one-time charges to cover cost-cutting actions...
“Our intention is to not tap federal money, but we have asked for a line of credit in case things really implode,” Ford Executive Chairman Bill Ford Jr. said during an interview with the Free Press earlier this month… http://www.freep.com/article/20090127/BUSINESS01/90127049/1014/Analysts++More+big+earnings+losses+ahead+for+Ford