Ford Now Expects a Full-Year Profit After Earnings Crush Estimates
Ford Motor Company (NYSE: F) said that its third-quarter profit was much higher than analysts had expected, thanks to strong sales of pickups and SUVs in the United States, and that it now expects a profit for the full year.
Ford's net income in the third quarter was $2.4 billion, on revenue of $37.5 billion. Both were higher than its results a year ago, when the automaker reported net income of just $425 million on revenue of $37 billion.
Ford will launch an all-new F-150 soon, but sales -- and pricing -- of the outgoing model remained strong in the third quarter, helping Ford to a better-than-expected profit. Image source: Ford Motor Company.
Source Fool.com
