Ford shares are ticking higher after Ford just reported Q4 earnings of 31 cents, 3 cents ahead of expectations.
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The company says last year was one if its best ever.
- Full year 2013 pre-tax profit of $8.6 billion, an increase of $603 million from a year ago, was one of Ford's best years ever; full year earnings per share of $1.62, an increase of 21 cents per share compared with a year ago
- Full year net income of $7.2 billion, or $1.76 per share, including pre-tax special item charges of $1.6 billion and favorable tax special items of $2.2 billion
- Highest full year Automotive pre-tax profit in more than a decade; record profits in North America and Asia Pacific Africa; about breakeven in South America; lower loss in Europe than last year
- Full year top-line growth with wholesale volume and total company revenue up 12 percent and 10 percent, respectively, compared with a year ago; growth supported by year-over-year market share gains in the U.S., South America and in Asia Pacific Africa, which was driven by record market share in China; higher retail share in Europe
- Ford Credit solidly profitable
- Total company fourth quarter pre-tax profit of $1.3 billion, a decrease of $402 million compared with a year ago; 18th consecutive quarter of profitability; fourth quarter earnings per share of 31 cents, unchanged from 2012
