The U.S. automaker reported a $1.7 billion profit on strong demand for its revamped line of products, despite a lackluster economy. Continued growth at its Ford Credit finance unit also helped push profits higher.
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DuPont (DD) reported third-quarter earnings of 40 cents per share, down from 45 cents per share a year earlier.
Sales grew 17% from a year earlier to $7 billion, the company said in a statement. Sales grew 22% in emerging markets.
The company saw a decline of 13 cents per share in pharmaceuticals income related to patent expirations.
“I am proud of our business teams’ performance…
Continue reading DuPont Earnings Drop, but Raises Outlook
DuPont Earnings Drop, but Raises Outlook originally appeared on DailyFinance on Tue, 26 Oct 2010 06:40:00.
Filed Under: Company News, Health Care, Earnings, Retail, DuPont
Profit tumbled 99% at BYD, a Chinese auto company that makes electric cars. Warren Buffett’s Berkshire Hathaway holds a 10% stake in the company.
Continue reading Buffett’s China Car Project Drives Into Trouble…
The “new normal” coined by Pimco posits a long era of diminished earnings and stock prices as overleveraged consumers and companies cut back. But it’s not playing out that way. It seems Corporate America is growing less and les…
Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion tomorrow. The automaker’s current third-quarter earnings record is $1.13 billion, set in 1997.
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