Shares of Ford Motor (F) traded slightly higher on Thursday after it reported fourth quarter results which topped analyst expectations on both the top and bottom line. Ford posted profits of $0.26 a share, three cents better than forecasts. On the top line, revenue came in at $35.9 billion, also ahead of estimates. CFO Bob Shanks said, ‘Our 2014 results were driven by solid profitability in North America, strong results from Ford Credit, and record performance in Asia Pacific.’ But headwinds in Russia and an $800 million charge related to the devaluation of the Venezuelan currency weighed on results. Shanks said, ‘We expect strong growth and improved financial performance in 2015 driven by our investments in new products and capacity.’ TheStreet’s Ruben Ramirez has details from New York.
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