Ford Sounds Caution Bell in Latest Quarterly Report

Shares of Ford motor losing some ground in Thursday's session after the automaker posted mixed second quarter results.
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Shares of Ford Motor (F) - Get Report losing some ground in Thursday's session after the automaker posted mixed second quarter results. Second quarter profits came in at $0.52 a share, excluding some one time items, that was $0.08 a share below forecasts. On the top line, sales came in at $39.5 billion, that was up six percent from the same period a year ago and roughly $3 billion above estimates. CFO Bob Shanks says that while there are some pricing pressures in China as the market matures, the automaker was happy with improvements in Europe. Here in the U.S., Shanks says economic growth is improving after a slow start to the year, though economic signs pointed to a recovery that is more typical of previous years. TheStreet's Ruben Ramirez has details from Wall Street.