Ford Motor Co. is set to update investors after the bell today on its third-quarter profit and revenue shortly after the carmaker reached a tentative deal with the United Auto Workers to end the strike.
Ford was the first company to face walkouts at a key factory, as workers at Ford’s Kentucky pickup-truck plant walked out on Oct. 11. “The focus of the release will likely be on the UAW strike and how Ford’s longer-term strategy could change as a result, such as potentially moderating its EV growth plans,” Nelson said.Earnings: Analysts surveyed by FactSet expect Ford to report third-quarter adjusted earnings of 46 cents a share. That would compare with adjusted earnings of 30 cents a share in the third quarter of 2022.