On August 21, 2024, a Ford F-150 Lightning electric pickup truck was displayed at a Ford dealership in Glendale, California.
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Detroit- Ford Motor Company It will release third-quarter earnings after the market closes on Monday.
Wall Street expected the following, according to an average estimate compiled by London Stock Exchange Group (LSEG):
- Earnings per share: Adjusted 47 cents
- Car income: US$41.88 billion
These results would mark a 1.7% increase in auto revenue from a year earlier and a 19.9% ​​increase in adjusted earnings per share.
Ford’s Third quarter of 2023 That included $41.18 billion in auto revenue, $1.17 billion in net income, or 30 cents a share, and $2.2 billion in adjusted EBIT, or 39 cents a share.
The Detroit automaker will look to Season 2 was disappointing Unexpected warranty costs caused the company to miss Wall Street’s profit expectations.
Ford’s shares are down more than 7% this year.
The automaker faces pressure to follow local rivals General Motors Easily beat Wall Street third-quarter forecasts Raising Key Guidance for 2024 Target.
Second-quarter results ending in late July, Ford guidance for 2024 Includes adjusted earnings Earnings before interest and taxes (EBIT) were $10 billion to $12 billion, and adjusted free cash flow was $7.5 billion to $8.5 billion.
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