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

📆 29/10/2024 04.40.00
📰 CNBC

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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.

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