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Wednesday, April 16, 2003 | 11:28 a.m.
DETROIT -- Ford Motor Co. today posted a profit for the first quarter in contrast to a loss a year ago, handily beating Wall Street expectations as the world's second-largest automaker affirmed that ongoing cost-cutting was working.
Ford earned $896 million, or 45 cents a share, in the January-March period, compared with a loss of $1.1 billion, or 61 cents a share, in the year-ago period. Revenue rose to $41 billion from $39.6 billion as vehicle sales rose 3 percent.
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