The nation's automakers are reporting mixed quarterly results on Thursday, as Ford's earnings beat estimates but General Motors' profit hits the brakes due to recall costs. Ford reported quarterly profit of $2.6 billion, or 40 cents a share, topping estimates of 36 cents a share. General Motors reported net income that fell to $190 million, or 11 cents a share, from $1.2 billion, or 75 cents a share, in the same quarter last year. Excluding recall-related charges, GM would have made 58 cents a share, missing estimates by a penny. Deutsche Bank research analyst Rod Lache said, "We believe that GM's underlying performance was stronger than it appeared." TheStreet's Brittany Umar breaks down Thursday's auto earnings.
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F, GM, JPM, DB