Ford's Earnings Top Expectations but Falls From Last Year's Levels

Ford released its quarterly results on Friday morning. The company beat expectations, earning $0.24 per share, a nickel better than forecasts, but were significantly less than last year's earnings per share of $0.45. This sent shares on a steep decline. Part of the reason revenues fell during the quarter was on the heels of the closing of one of the automaker's F-150 plants in Dearborn, Mich. TheStreet's Ruben Ramirez speaks with Ford CFO Bob Shanks about the company's financial results and how Ford is progressing in European markets. The stock remains down 10.6% since the start of the year.