FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo
Ford reported net income in the third quarter of $2.4 billion, or 60 cents a share, compared with $400 million, or 11 cents a share, a year earlier. Ford said in July that it expected a pretax profit of between $500 million and $1.5 billion in the third quarter and a loss for the fourth quarter as well as for the full year.
The company’s adjusted EBIT margin in the quarter was 9.7%, with a full-year target of 8%. Ford’s net margin in the period was 6.4%.
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:
Wrong.
Journalist from Ireland who works for RT calls Russian aggression in Ukraine (killing of 14000 people and partial occupation/annexation) 'a tragic war'. But, at the same time, he blames Kiev and NATO for provoking Russia. Nazis also thought that Jews are guilty of something.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford beats on Q3 profit as car, truck sales rebound from coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Ford blows away earnings expectations as consumers buy up trucks during pandemicFord blows away earnings expectations as consumers buy up trucks during the pandemic. 7% GDP growth for the quarter....... Best ever..... 50% reduction in unemployment since April... Fastest recovery in history.... Coupled with the next quarter and the beginning distribution of the vaccine, the GDP for next fiscal year will be over 4% Profiteering during a pandemic? Why did so many need trucks? Cuz our lives are nightmares! But glad you made your 💰💰💰💰💰 layoff.. truck goes back
Source: CNBC - 🏆 12. / 72 Read more »
Ford, GM, FCA report earnings for the most vital quarter since 2009 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. nice Ford 👌👍
Source: BusinessInsider - 🏆 729. / 51 Read more »