Ford Shares Fall on Profit Warning

Ford Motor Co. F -4.81%shares fell as much as 4.6% early Friday, a day after the auto maker warned investors that it expects a decline in second quarter profit as a result of significant losses outside of North America.

Shares were down 46 cents to $9.63 in late morning trading. That is the stock's lowest point since Oct. 3, 2011.

On Thursday, Ford disclosed that second-quarter pretax losses in its Asian, South American and European regions could reach about $570 million, three times more than the $190 million it lost in those operations in its first quarter.

The Dearborn, Mich., auto maker said it expected to be profitable overall in the quarter due to earnings at its North American auto and Ford Credit lending operations that more than offset the losses overseas.

Read Full Article from Wall Street Journal

- Posted: 2012-06-29 13:12:08

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