WORLD > NEWS

Ford's Third-Quarter Profit Decreases, But Beats Estimates

29/10/2024 04:10 PM

NEW YORK, Oct 29 (Bernama-dpa) -- US carmaker Ford Motor Co released a profit for the third quarter that decreased from last year reported German news agency dpa.

The company's bottom line came in at US$892 million, or US$0.22 per share.  This compares with US$1.2 billion, or US$0.30 per share, in last year's third quarter.

Excluding items, Ford Motor Co. reported adjusted earnings of US$1.9 billion or US$0.49 per share for the period. Analysts on average had expected the company to earn US$0.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.5 per cent to US$46.196 billion from US$43.801 billion last year.

--BERNAMA-dpa


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy