(MENAFN) Ford Motor Co. reports a 6 percent growth in its net profit in the second quarter to USD1.3 billion as the company saw record profits in North America and made money in Europe for the first time in three years, according to Arab News.
Excluding separation costs and other one-time payments, Ford earned 40 cents per share. That beat analysts' forecast of 36 cents, according to FactSet.
Ford's revenue dropped one percent to USD37.4 billion, ahead of analysts' expectation of USD36.2 billion.
Ford reported its highest-ever pretax profit of USD2.4 billion in North America.
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