Ford Motor reported a top- and bottom line beat for the third quarter after the closing bell on Wednesday, while demonstrating solid free cash flow — a key reason why the Club continues to back the automaker. Automotive revenue climbed 12% year-on-year, to $37.2 billion, beating analysts' forecasts of $36.25 billion, according to estimates compiled by Refinitiv. Adjusted earnings before interest and taxes , or operating income, came in at $1.8 billion, ahead of the $1.4 billion to $1.
was $1.3 billion, below the consensus figure of $1.6 billion. came in at $204 million, well ahead of the $31 million loss predicted by Wall Street. China revenues came in at about $400 million, below estimates of $600 million. Ford posted an adjusted of $149 million exceeded the $19 million predicted by analysts. Ford notched its fifth straight quarter in which its South America business was profitable. International markets group revenue was $2.8 billion, a beat versus estimates of $2.4 billion. Adjusted
Wait... Ford 'beat estimates'... Because they had previously LOWERED estimates... lol They LOST 827 Million dollars.
Of not for the F150, Ford would be Found On Road Dead.