Market Overview

UPDATE: Ford Posts Upbeat Q3 Profit

Share:
Related F
4 Ways To Play The Auto Stocks' Selloff
Fast Money Traders Share Their Auto Sector Trades
How Will We Fuel All Those EVs? The Coming Energy And Transportation Disruption (Seeking Alpha)

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.

Posted-In: profitEarnings News Guidance

 

Related Articles (F)

View Comments and Join the Discussion!

Get Benzinga's Newsletters