US automaker Ford said Tuesday first-quarter profit surged 22 percent from a year ago despite higher commodity prices.Ford reported $2.55 billion profit for the first three months of the year "as fuel-efficient new products, continued investment in global growth and the strengthening of Ford's core business boosted results."Earnings per share of 61 cents were up 22 percent from the same period in 2010, the company said in a statement.Ford said its automotive business is gaining traction from growth in both volume and per-unit net revenue.
By Adnan Riaz:2013 was a good year for Ford Motor Company (F). The company reported full year pre-tax profit of $8.6 billion, the highest in more than a decade. Full year earnings increased 21 cents to $1.62 per share and the company's fourth quarter was its 15th consecutive quarter of positive performance.
By BubbleBustInvesting:Ford's (F) stock is turning another right corner this morning, following a 13 percent jump in June sales as pickup truck sales jumped 24 percent. Strong June sales- the best since 2006-follow better than expected Q1 results reported in April.