Ford posts another big profit

Ford shares reached a 5-year high on Monday, but they slipped in mid-day trading today after the Dearborn automaker reported a $2.08-billion profit for the first quarter. Shares of Ford were trading at about $13.87, down about 4% from Monday’s close of $14.46, which had been the highest closing price since January 2005. Despite the declines, Ford’s share price has been on an upward trajectory since late 2008, when it bottomed out at under $1.50 a share.