Ford Motor Company beat Wall Street estimates in first quarter earnings in the top and the bottom line.
Ford profits are 39-cents a share. Gross revenue is 39 billion, that’s up 4-percent.
Profits— $1 pt 6 billion— down $900-million from the first quarter last year. The comparison is to a record quarterly profit last year. Costs were up for warranties. Recall charges bit into the bottom line. Ford says vehicle sales were better than expected. U-S vehicles sales appear to be slowing down.