News Formal

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 72%

General Motors Co News

Dividends,Ford Motor Co,Detroit

Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectations

Ford and Lincoln vehicles are displayed for sale at a Ford dealership on August 21, 2024 in Glendale, California.guided to the low end of its previously announced 2024 earnings forecast as it slightly topped Wall Street's third-quarter expectations.

Shares of the automaker were down by more than 4% during after hours trading after closing Monday at $11.37, up 2.7%.in which unexpected warranty costs caused the company to miss Wall Street's earnings expectations. Its "Model e" electric unit recorded losses of $1.22 billion during the third quarter — less than a year earlier largely due to lower volumes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GM raises 2024 earnings guidance after easily topping Wall Street's third-quarter expectationsGM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.
Source: CNBC - 🏆 12. / 72 Read more »