Ford Reports Stronger-Than-Expected Q3 Earnings and Raises Full-Year Guidance
Ford Motor Company (F) reported third-quarter results that exceeded Wall Street expectations, posting an operating profit of $2.7 billion and total revenue of $49.5 billion. Following these results, the company slightly raised its full-year adjusted EBIT guidance to a range of $10.5 billion to $11 billion. While the stock saw a brief uptick following the report, it continues to trail the broader market due to long-term cost concerns. The company is currently navigating significant headwinds, including rising commodity, logistics, and memory costs, which are projected to create a $2 billion headwind in 2027. Additionally, Ford's electric vehicle segment continues to face losses, though these narrowed during the third quarter as part of a strategic shift toward hybrids and more affordable models. Management aims for the EV business to reach breakeven by 2029.
Tickers: $F
Topics: earnings report electric vehicles guidance raise operating profit revenue beat