How Is Ford's Stock Looking After Better-Than-Expected Earnings Results?
Yahoo Finance ·
Ford Motor Company ( F +1.21% ) reported stronger-than-expected earnings results for its third quarter of the year and also slightly raised its full-year guidance. The stock popped about 2% on Oct. 28, the day it reported earnings, but is still significantly trailing the broader market this year. The auto giant reported an operating profit of $2.7 billion, $300 million ahead of Wall Street consensus estimates, while total revenue was $49.5 billion, beating estimates by $1.2 billion. After raising its full-year guidance for adjusted earnings before interest and taxes (EBIT) in the second quarter, Ford once again raised its full-year EBIT guidance slightly to a range of $10.5 billion to $11 billion. Previously, the range had been $10 billion to $11 billion. How is Ford's looking after the better-than-expected results?
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