Ford Motor Company (F) announced its third quarter results on Tuesday. Equity markets are closed for a second day in a row, as a result of hurricane Sandy. Investors will get the opportunity to react to the results on Wednesday.
Third Quarter Results
Ford reported third quarter revenues of $32.1 billion, down 3.0% on the year. Revenues comfortably beat analysts consensus of $31.2 billion.
Ford reported pre-tax profits of $2.2 billion, up $200 million on the year before. The company reported an after tax profit of $1.63 billion, down 1.1% on the year. Earnings per share came in unchanged at $0.41 per share. Third quarter earnings included a $83 million special item.
Read the entire article on Seekingalpha by clicking the following link
No comments:
Post a Comment