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 autonews@crain.com

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