The Wall Street Journal has reported that Ford Motor Company has posted a yearly profit for fiscal year 2009.
Net income for the fourth-quarter was $868 million, or 25 cents a share compared with a loss of $5.98 billion, or $2.51 a share. Excluding items, the company reported a 43-cent earnings-per-share profit, exceeding the Thomson Reuters analyst estimate of 26 cents a share. The auto maker’s fourth-quarter revenue was $35.4 billion.
Ford’s full-year 2009 profit was $2.7 billion. . . .
Ford’s net income of $868 million for the fourth quarter means that Ford made profits of nearly $10 million per day. Ford’s recent profit growth spurred in year average, in which it made more than $7.5 million in profit each day this year.
Brett Emison is currently a partner at Langdon & Emison, a firm dedicated to helping injured victims across the country from their primary office near Kansas City. Mainly focusing on catastrophic injury and death cases as well as complex mass tort and dangerous drug cases, Mr. Emison often deals with automotive defects, automobile crashes, railroad crossing accidents (train accidents), trucking accidents, dangerous and defective drugs, defective medical devices.