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Ford first quarter profit beats estimates, reiterates 2017 profit outlook

FILE PHOTO: The logo of Ford is seen during the 87th International Motor Show at Palexpo in Geneva, Switzerland March 8, 2017.

Ford Motor Co on Thursday reported a lower quarterly net profit that beat analyst expectations, and reiterated its pretax profit forecast for 2017.

The No. 2 U.S. automaker's profit fell in the quarter amid higher costs and investments, and a slight decline in vehicle sales. The company had warned investors in late March that higher expenditure and...