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