Ford Motor Company Beats On Sales, Blackstone Group LP Tops Earnings Estimates

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Ford Motor Company Beats On Sales, Blackstone Group LP Tops Earnings Estimates
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Ford and Blackstone released their latest earnings reports before opening bell this morning. Ford posted adjusted earnings of 30 cents per share on $38.7 billion in sales. Analysts had been expecting 31 cents per share and $34.99 billion in revenue.

Blackstone reported profits economic net income of 68 cents per share or $1.6 million, compared to the analyst estimate of 66 cents per share. In the same quarter a year ago, the firm reported 37 cents per share or $435.7 million.

Ford’s results decline

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Ford’s GAAP losses were 20 cents per share, while net income was -$800 million, a decline of -$2.7 billion compared to the same quarter a year ago. Adjusted pretax profit was $2.1 billion, a decline of -$500 million in the year-ago quarter.

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