Ford's third-quarter profit eased 1% to $1.63 billion as European losses swamped record North American profits.
Ford Motor Company said today that its per-share net income was 41 cents, unchanged from the same time last year.
Before special items, it earned 40 cents, beating Wall Street's forecast of 30 cents, according to analysts.
Ford's revenue fell 3% to $32.1 billion as vehicle sales dropped in Europe and South America.
The company exceeded Wall Street's revenue forecast of $31.5 billion largely because of North America, where revenue jumped 8% to $19.5 billion thanks to higher pricing and strong sales of higher-margin trucks and SUVs.
US-based Ford earned a record $2.3 billion in North America. The company's chief financial officer Bob Shanks noted that this was the third quarter in a row that the company has made more than $2 billion in the region and reported an operating margin of 10% or more.
Ford's North American operating margin was 12% in the third quarter, up from 8.6% a year earlier.
The company said it lost $468m in Europe, where sales have fallen sharply because of the troubled economy. Last week, Ford announced a plan to close three factories in Europe, where it expects to lose more than $1.5 billion both this year and next year.
