Ford sees full-year pretax profit, posts stronger than expected quarterly earnings

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Ford Motor Co on Wednesday posted a better-than-expected quarterly profit on strong U.S. demand for pickups and SUVs, and forecast a full-year pretax profit instead of a loss, boosting shares in after-hours trading.

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%.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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