Ford Beats On Earnings, Raises The Lower End Of Its Forecast (f)

Ford earned an adjusted $0.43 a share, topping the Wall Street consensus of $0.33. The company raised the lower end of its 2017 earnings guidance. Ford on Thursday reported third-quarter earnings that topped analysts' expectations, and raised the lower end of its 2017 guidance. The automaker reported adjusted earnings per share of $0.43, outpacing the Wall Street consensus of $0.33, according to Bloomberg. Net income rose year-on-year to $1.60 billion from $1 billion. The company said profits were "driven by North America and a record 3Q pre-tax profit in Asia Pacific," according to the earnings release. "With improved operating performance, and traction against cost initiatives, tightening adj.

 

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