The No. 2 US automaker on Wednesday posted its 10th consecutive quarterly profit, extending a recovery expected to clear the way for a resumption of dividends.

But Ford Chief Financial Officer Lewis Booth said the company would not be addressing the timing of re-instituting a dividend on Wednesday.

Ford posted net income of $1.65 billion, or 41 cents per share, down from $1.69 billion, or 43 cents per share, a year earlier.

Revenue rose to $33.1 billion from $29 billion.

Excluding one-time items. Ford earned 46 cents per share.

On average, analysts forecast 44 cents, according to Thomson Reuters I/B/E/S. Analysts expected revenue of $29.9 billion.