Ford forecasts higher 2019 profit

FILE PHOTO: Workers prepare for the Ford Motor Company 2019 reveal at the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Jonathan Ernst

DETROIT (Reuters) – Ford Motor Co (F.N) on Wednesday forecast higher profit and revenue in 2019 as global industry sales remain flat.

For 2018, the No. 2 U.S. automaker said it expected to earn $1.30 a share, in line with the range of $1.30 to $1.50 a share it forecast last October. Analysts were expecting $1.33 per share, Refinitiv IBES data showed.

Reporting by Ben Klayman in Detroit; editing by Jason Neely

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