Wall Street's stunning share price rose more than 10% after Ford's Better-than-expected earnings

Xinhua Beijing, November 3, the United States Ford Motor Monday to Wall Street "stunning", not only in the 3rd quarter to produce higher than the market expected profit figures, but also announced the 2011 fiscal high to "stable profits."　　Buoyed by this, Ford's shares rose more than 10% in early Monday. According to Taiwan's "Business Times" quoted foreign reports, Ford is the only company in the United States this year, the only not declared bankrupt.　　The company's cost-cutting benefits, as well as the increase in market share in North America and other major markets, turned out to be a profit-losing earnings in the 3rd quarter. Ford reported a 3rd-quarter profit of 997 million dollars or 29 cents a share, much better than the loss of 161 million dollars or 7 cents a share over the same period last year.　　The company's North American unit, which has seen a rise in both price and market share, earned $357 million before the 3rd quarter, the first operating profit since the 1th quarter of 2005.　　Ford's 3rd-quarter revenue was $30.9 billion, down 800 million from a year earlier. Ford's cash position in the first half of the year was reduced by 4.7 billion dollars, but the 3rd quarter's cash position increased 1.3 billion dollars. This is the first time that Ford has seen an increase in cash positions since the 2nd quarter of 2007.　　The company is expected to increase its cash position in the 4th quarter.　　Alan Mulally, the carmaker's chief executive, said in a statement that despite the prolonged global economic downturn, the 3rd-quarter results clearly showed that Ford continued to show spectacular progress. Ford also revised its 2011 budget from at least two of its previously announced gains and losses.　　The company said it was confident that the global economy would be better 2011 years ago, but that the outlook for short-term growth was "still uncertain". Ford's 3rd quarter deduction for one-off items was 26 cents per share.　　Analysts ' average forecasts are 12 cents per share, according to Thomson Reuters. Ford, which has lost 30 billion dollars in total since 2006-2008, is now saddled with more debt than GM or Chrysler after the bankruptcy reorganization.　　Still, Ford is much better at financial and product online conditions than its American peers. Ford has made structural adjustments over the past 4 years, laying off thousands of full-time and salaried employees.