Ford Motor (NYSE:F) reported higher-than-expected earnings and revenue Tuesday, but predicted a wider loss in Europe due to persistent weakness in the region.
Earnings excluding items rose to 31 cents per share from 20 cents a share in the year-earlier period.
Revenue improved to $34.5 billion, most of it generated by its North American operations, from $32.60 billion a year ago.
Wall Street had expected Ford to report earnings excluding items of 25 cents a share on $32.94 billion in revenue, according to Thomson Reuters consensus estimates.
The nation's second-largest automaker also said it sees 2013 profit equal to its 2012 results.
In Europe, Ford lost more than $1.75 billion last year, about in line with its outlook for a loss of more than $1.5 billion.
Ford deepened its 2013 loss estimate in the troubled region to $2 billion. Previously, the automaker said it expected its 2013 performance in Europe to be roughly equal to its 2012 loss.
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-Reuters contributed to this article.
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