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Shanks said Ford's results for the rest of the year would be "about flat to a little bit better" compared with 2016.
The No. 2 USA automaker had warned investors in late March that higher expenditure and lower sales volumes would have an impact on its quarterly earnings.
Automotive revenues totaled $36.5 billion for the quarter, up by $1.3 billion year over year, but operating margin fell by 4.4 percentage points to 5.4% and pretax profit dipped by $1.5 billion to $2.0 billion.
The company attributed lower year-over-year profits in part to higher warranty costs, investments in new product opportunities, and rising commodity costs, according to a letter to shareholders. In the U.S., Ford's average transaction price rose $1,971 over the first quarter of 2016, driven by sales of the F-150, Super Duty trucks, and Lincoln vehicles.
"We delivered a solid quarter and we continue to expect a good year this year", Ford CEO Mark Fields said.
Operating profits for Ford's North American operations were $2 billion in the first-quarter, down 35% compared with the same period a year ago. Total expenses were 96.32 percent of quarterly revenues, up from 93.50 percent for the same period a year ago.
By Comcast [Public domain], via Wikimedia CommonsComcast said adjusted EBITDA rose 10.4% year over year to $7 billion, while consolidated net income attributable to Comcast rose 20.2% to $2.6 billion. Full-year cost efficiencies of about $3 billion are expected to offset costs outside of investments in emerging opportunities, the company said in its shareholder letter.
Ratings agencies have warned of worsening credit and there are concerns millions of almost new leased vehicles due to flood the market over the next couple of years will depress used-car values and hurt US automakers' sales.
Ford's revenue climbed 4 percent to $39 billion in the first quarter.
Net income fell 35 percent from the same quarter past year.
The close encounter comes after USA secretary of state, Rex Tillerson, slammed Iran for its nuclear weapons programme. The Persian Gulf has been heating up as the American and Iranian navies battle for dominance over the strait.
Neave, inspired by the hunger strikes of civil rights leader Cesar Chavez , said "it's a form of personal sacrifice". He ended up opening his own TV/VCR fix shop in Mesquite, and helped Neave attend college and become a lawyer.
At the beginning of the week, 54% of crops were in good and excellent conditions (53% the previous week and 57% last year). "Fields started to dry as the week progress and more widespread corn planting started to get underway".
Alles is a veteran of Operation Iraqi Freedom, where he commanded Marine Aircraft Group 11 and Third Marine Aircraft Wing. Alles served in the Marine Corps for 35 years as a naval aviator, serving as an instructor at the U.S.
David Perdue, R-Ga., voted "present" and presided over the vote. "I think farmers will be extremely pleased to see former Gov. George "Sonny" Perdue gets bipartisan vote of 87-11 to become the next secretary of agriculture.
Some of the inmates are held under Tel Aviv's policy of administrative detention, which enables confinement without charge. I call for the whole world to stand in solidarity, not only Palestinian President, Mahmoud Abbas, but the whole world.
Also, the technology on which it is based, the OLED screen of iPhone 8 will consume less energy due to the lack of backlight. Early iPhone 8 rumors suggested the iPhone will feature wireless charging powers unlike anything now seen on mobile devices.
After finally breaking for 4-2 in the decider with a forehand victor down the line, he was broken straight back. And the Serbian is right to expect an easier match too, owing to his head-to-head record against Goffin.
Duterte, who took office in June, has taken steps to fix relations with China which had been damaged by the territorial conflict. Critics say Duterte should mention the ruling during the summit to increase pressure on Beijing to comply with it.
President Donald Trump on Sunday said that the healthcare programme will die if it doesn't receive funds to keep it going. But there are widespread doubts that the new attempt has achieved the support it needs.
Graham, a defense hawk who dined with Trump on Monday night, said the North should not underestimate the president's resolve. Visitors watch the North Korea side from the unification observatory in Paju, South Korea, April 25, 2017.
Cowboys target D as expected with Michigan's Taco Charlton
This is a great opportunity for the Cowboys to add to their defense as they did in Round 1 when they selected Taco Charlton. Michigan's Taco Charlton, one of the best names in this year's class, is the pick for America's Team at No. 28 overall.
Blue Devils Travel North for Penn Relays
Kate Grace was third in 4:16.62 and Shelby Houlihan of the Portland-based Bowerman Track Club finished fourth in 4:16.67. She could run the 800 meters. "It made me push harder". "I told her you don't have to be just a 400 meter runner".
Instagram Now Has 700 Million Users
Over time , the app withdrew digital frames from its library of filters, while also adding a number of features as it grew . The number of advertisers on Instagram recently soared past 1M advertisers, which is up 4 times in just the last one year.
Judge, Severino lead Yankees past Red Sox
The pitch was low in the zone, but Judge's strength and patience enabled him to drop it over the wall in right field. The Red Sox went down 1-2-3 in four innings in this game, and the other frames weren't any more interesting.
Pedroia Injured as Red Sox Fall 2-0 to Baltimore
Tony Watson got out of a two-on, two-outs jam in the ninth for his fifth save as the Pirates ended a three-game losing streak. Machado proceeded to double off the the next pitcher, Joe Kelly , who entered because Barnes was ejected.
Arkansas executions 'heinous' and 'shameful' says Amnesty
The state said the executions needed to be carried out before its supply of the sedative midazolam expires on April 30. The 8th Circuit rejected Jones' stay request; a decision was still pending there as of midday Monday for Williams.
Call of Duty WWII
For now, it appears as though only the base edition is available to pre-order on United Kingdom retail sites like Amazon and GAME. Activision didn't have a booth at E3 a year ago , though it did still show up in a big way during the Sony press conference.
911 audio: 'Bachelor' star called 911 after fatal Iowa crash
Sources told TMZ that Soules submitted to a blood test, but also said that the test may not be effective, given the time lapse. Additional charges are possible, but the initial charge against Soules carries a penalty of up to five years in prison.
Uber to take to the skies with 'flying cars'
In February, the ride-hailing company hired NASA researcher Mark Moore as its director of engineering for aviation. At least at first, it won't work quite the same as the auto network, with pickups happening at any location.
Police fire at protesting students in Held Kashmir
The clashes broke out as colleges in the city reopened following skirmishes last week between students and government forces. The angry students also chanted slogans against Indian rule over the Muslim-majority Himalayan region.
UN should consider ´stronger sanctions´ on N.Korea
Pyongyang's nuclear and missile programs are the subject of renewed concerns in recent weeks, as the blundering Donald J. Forces in Japan, they said. "So North Korea doesn't need to give us a reason to have one", Haley said.