Ford Motor Co.: Profits Up 63% on Strong Truck Sales
Ford Motor Co. (NYSE: F) said Wednesday that its net income rose 63% to $1.6 billion in the third-quarter, a gain powered by strong truck sales in the United States, year-over-year cost reductions, improvements in Asia and South America, and some helpful tax news.
On an adjusted basis, Ford earned $0.43 per share, up from $0.26 per share in Q3 2016.
Data source: Ford Motor Company. "Adjusted" figures exclude the effects of special items. Ford took a total of $217 million in charges in the third quarter, most due to worker layoffs at several factories.
Source: Fool.com
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