Market Overview

UPDATE: Ford Posts Upbeat Q3 Profit

Share:
Related F
Ford CFO: Despite Russia's Pitfalls, Globally Set Up Well For 2015
Mid-Morning Market Update: Markets Mostly Lower; Ford Earnings Beat Expectations
Ford Motors Saw Challenges in 2014, But Confident about 2015 Outlook (GuruFocus)

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)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional