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Ford third-quarter profit lifted by U.S. sales, cost cutting

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Ford third-quarter profit lifted by U.S. sales, cost cutting

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DETROIT (Reuters) – Ford Motor Co <F.N> on Thursday reported a better-than-expected quarterly net profit, driven by sales of high-margin pickup trucks and SUVs in the U.S. market and cost cutting. The second-largest U.S. automaker posted a quarterly net profit of $1.56 billion (£1.18 billion) or 39 cents per share, up more than 60 percent from 960 million or 24 cents per share a year earlier. Excluding one-time items Ford reported earnings per share of 43 cents, above the 32 cents per share that Wall Street analysts had expected.

(Reporting By Nick Carey; Editing by Chizu Nomiyama)
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