Wednesday, April 24, 2013

For Investors Only: Ford Earnings Nice; Boeing Earnings Huge

Ford:
  • article
  • beat on top and bottom lines
  • 41 cents vs 37 cents
  • North America: best quarter ever
  • Europe: is still their problem; a loss of $462 million; that's an increase of $313 million over last year
  • margin 5.2 vs 6.4 (not good) but they still beat expectations on top and bottom lines
  • no change in guidance; still "working" on European issues; they say they are on track in Europe
Boeing:
  • beat on top and bottom lines
  • $1.73 vs $1.49
  • Boeing: huge increase in earnings
  • operating cash flow this year -- 524 million; last year the operation cash flow -- $837 million
  • overall margin this quarter: 9.9%
  • commercial margin: 11.4%
  • no one-time charge over the battery issue which really surprised analysts; some analysts think that still needs to be done
  • no change in guidance
  • deliveries not changing
  • some analysts worried about the sequester; turned out not to be an issue

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