Ford Inventory Decrease After Q3 Earnings Beat, Narrowed 2022 Steerage

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Ford Motor Co  (F)  reported better-than-expected third quarter earnings Wednesday, whereas narrowing its full-year revenue steerage, and stated it could wind-down its autonomous automobile three way partnership with Germany’s Volkswagen.

Ford stated its adjusted earnings for the September quarter fell 41.2% from final yr to 30 cents per share however got here in simply forward of Avenue forecasts of 27 cents per share, as value will increase offset enter value pressures and forex headwinds. Group revenues, Ford stated, 10.4% to $39.4 billion, firmly topping analysts’ estimates of a $36.25 billion tally.



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