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Ford Motor sets records for profit, operating margins

AgenciesPublished Apr 29, 2016, 12:00 AM IST

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New Delhi

Ford Motor Co reported a 113 percent rise in net income and company records for global and North American operating margins.

Ford's net income was $2.45 billion, or 61 cents per diluted share, versus $1.3 billion or 29 cents per diluted share a year ago.

Excluding one-time items, Ford's earnings per share of 68 cents easily beat Wall Street expectations of 48 cents per share.

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Idea Cellular quarterly net profit beats estimates

Agencies

Published Apr 29, 2016, 12:00 AM IST

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Mumbai Idea Cellular, India's third largest telecom company, reported a smaller than expected fall in quarterly profit helped by strong voice and data revenue. The company, which has 184 million mobile subscribers, posted a 38.9 percent fall in profit to 5.76 billion rupees ($86.60 million) in the three months to the end of March, hurt by higher financing and spectrum fees of its 4G network. Profit did however exceed the Rs 5.27 billion expected by analysts, according to…