Ford Motor Co. raised its forecast for second-quarter earnings after it received a tax refund earlier than expected. The revision won't affect full-year profit forecasts.
Ford's second-quarter forecast improved to breakeven to a profit of 15 cents a share, compared with its previous forecast of breakeven to a loss of 15 cents a share, the company said in a quarterly filing with the Securities and Exchange Commission. Ford continues to forecast 2005 profit of $1.25 to $1.50 a share, spokesman Glenn Ray said.
