Ford Motor (F) Tops Q4 EPS by 8c
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Facebook 'likes' push Wall Street higher
January 28, 2016 7:38 AM ESTBy Noel Randewich
(Reuters) - Wall Street climbed on Thursday as a blockbuster quarterly report from Facebook drove tech shares higher and a bounce in oil prices propped up the beleaguered energy sector.
Facebook (NASDAQ: FB) surged 15.5 percent in its biggest one-day leap since 2013 after the digital advertising behemoth smashed expectations with a 52-percent jump in fourth-quarter revenue.
Helped also by a 4.28-percent gain in Alphabet (NASDAQ: GOOGL), the S&P tech sector surged 1.48 percent.
The S&P energy sector... More
Ford Motor earnings beat forecast, stock off after margin warning
January 28, 2016 7:08 AM ESTBy Bernie Woodall and Joseph White
DEARBORN, Mich. (Reuters) - Ford Motor Co's (NYSE: F) fourth-quarter earnings beat Wall Street expectations and the company reiterated a forecast that 2016 pre-tax profit would be equal to or higher than last year.
But the company cautioned again that profit margins in its North American business in 2016 may not equal the 10.2 percent level achieved in 2015 and the stock was down 1.2 percent around $11.70 late Thursday.
Excluding one-time items, Ford earned 58 cents a share in the fourth quarter, versus Wall Street expectations of 51 cents, according to... More
