UPDATE: Ford Posts Upbeat Q3 Profit
Ford Motor Co (NYSE: F) reported a drop in its third-quarter profit.
Ford's quarterly profit declined to $1.3 billion, or $0.31 per share, versus a year-ago profit of $1.6 billion, or $0.41 per share. Excluding one-time items, its pretax profit climbed to $0.45 from $0.40 per share.
Its revenue gained to $36.0 billion from $32.1 billion. However, analysts were estimating earnings of $0.37 per share on revenue of $33.8 billion.
For the full year, Ford now projects pretax profit to be higher than its profit in 2012.
Ford shares climbed 4% to $18.22 in pre-market trading.
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