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Ford CFO: "Will be difficult" to earn profit in Q4

Ford Motor Co. Chief Financial Officer Martin Inglis said on Wednesday that the No. 2 automaker's profits would be under pressure in the fourth quarter.

"We see the fourth quarter to be volatile and uncertain," he said in a conference call with financial analysts after releasing Ford's third-quarter results. "It will be difficult to earn a profit in the fourth quarter."

The current average of earnings estimates for Ford's fourth quarter is 6 cents a share, with a range among 15 analysts of 18 cents a share to a loss of 10 cents a share, according to Thomson Financial/First Call.

Inglis did not immediately provide an estimate for the fourth quarter. He did say it was "fairly obvious" the world's second-largest automaker would not meet its target of increasing revenues by $5 billion this year.

Tags: Earnings Ford

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