Ford earnings preview: Profit forecast and EV unit outlook in focus after UAW deal reached

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Ford (F) is set to report third quarter earnings after the bell, with investors keen to hear about the tentative deal reached with the United Auto Workers...

about the tentative deal reached with the United Auto Workers For the quarter, Ford is expected to report topline revenue of $41.21 billion, which would be a nearly 11% improvement from a year ago, but a dip from the $45.0 billion reported in Q2. Ford is also expected to post adjusted EPS of $0.47, and adjusted net income of $1.874 billion.for adjusted EBIT to between $11 billion and $12 billion, and also lifted its adjusted free cash flow forecast to between $6.5 billion and $7 billion.

Earlier this month Ford reported US Q3 sales of 500,504 units, up 7.7% from a year ago, powered by F-Series truck sales rose 13.4% compared to Q3 last year. Ford noted that hybrid sales jumped 41.4%, and EV sales also climbed 14.8%. A famed trader known as '50 Cent' is making a big bet that the world's worst-performing currency is about to surge 'violently'

The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire

 

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