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

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General Motors Co समाचार

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.

 

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 /  🏆 12. in İN

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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.
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