Ford's Net Income & Profit Falls; SodaStream Up 16%

Stocks end the day up on Friday, with the S&P 500 posting its biggest weekly gain of 2014. Ford Motor (F) announced their profit and net income today, and it was drastically lower than the same quarter a year ago. Ford said that it had a pre-tax profit of $1.2 billion this quarter, less than half of the $2.6 billion a year ago. Ford's net income for this past quarter was $835 million, down from $1.27 billion a year ago. SodaStream (SODA) was up 16% today after the home soda brewing company announced that they would test Pepsi-branded (PEP) products.
While the test is expected to be conducted on a small scale, the company is exploring multiple relations with other major beverage brands.

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Published on Oct 24, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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