Analyst predicts profit for GM

General Motors probably will turn the only profit among the Big 3 automakers for the third quarter, said David Healy, auto industry analyst for Burnham Securities Inc.

Healy expects GM to earn 79 cents a share, a decline of 49 percent. Healy estimated a Ford Motor Co. loss of 23 cents a share, slightly worse than the Wall Street consensus. He said DaimlerChrysler could lose 3 cents a share compared with a year-ago profit of 29 cents. That would be much worse than a Wall Street consensus of a 27 cent profit, but Healy said in a Wednesday, Oct. 10, report that the consensus was based on a small sample.

All forecasts exclude one-time charges.

Ford, which reports third-quarter earnings Wednesday, Oct. 17, warned investors this month that its third-quarter loss would be worse than its previous forecast of a 10 cent loss per share because of lower production and higher marketing costs.

GM reports on Thursday, Oct. 18, and DaimlerChrysler on Tuesday, Oct. 23.

You can reach Jim Henry at

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