Tuesday, September 30, 2014

FORD: SHARE DROPPED AFTER PROFIT WARNING – Swedish Dagbladet

FORD: SHARE DROPPED AFTER PROFIT WARNING – Swedish Dagbladet

reports Bloomberg News.

After a long time have been traded on the plus shares fell to a closing 7.5 percent lower.

Before tax profit forecast to 2014 now get $ 6 billion , said CEO Mark Fields at an investor and analyst meeting on Monday, compared with the forecast of profit before tax of 7 to 8 billion dollar company, left as late as July.

Among other things, expected the car manufacturer in South America activity show a loss of $ 1 billion this year, in line with inflation and other currency issues dampened earnings. Furthermore, predicted a loss in Europe about $ 1.2 billion this year, and one of $ 250 million next year.

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