Ford 2nd-Qtr Earnings Rise Greater-Than-Expected 4.3% on Demand for Trucks
By Greg Gardner
Ford 2nd-Qtr Earnings Rise 4.3% on Demand for Trucks (Update3)
(Adds details on cash in last section. Updates shares.)
Dearborn, Michigan, July 14 (Bloomberg) -- Ford Motor Co.,
the world's No. 2 automaker, said second-quarter earnings rose
4.3 percent, beating forecasts, as truck demand led to its
strongest first-half U.S. sales in 21 years.
Intel Shares Rise, Chipmaker Predicts Strong 2nd Half
By Molly Williams
Santa Clara, California, July 14 (Bloomberg) -- Intel Corp.
shares rose as much as 3 percent in U.S. trading after the
world's largest computer chipmaker said it expects sales and
profit to pick up in the second half.
Intel rose 1 15/16 to 67 5/16 in early trading. Earlier,
shares touched 67 23/64. While Intel reported lower-than-expected
second quarter earnings late yesterday, investors focused on its
bullish outlook for the second half.
Investors are betting that Intel can hold down production
costs to combat lower prices and that it will benefit from
troubles at rival Advanced Micro Devices Inc. Intel also will
unveil new products in the second half in time for the back-to-
school and holiday seasons.
''Their forecast is credible because they are always very
conservative and have a good track record in meeting them,'' said
Raoul Sprangers, an analyst with F van Lanschot Bankiers in Den
Bosch, the Netherlands, who rates Intel shares ''outperform.''
''They will be able to continue savings in packaging and
manufacturing, but I wonder whether they will be able to
strengthen these savings further.''
Intel rose as much as 1.3 euros to 64.8 euros ($65.68) in
Frankfurt. In European trading, the shares gained 1/4 to 65 5/8,
according to Madoff Securities International Ltd.
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