Ford Motor

Ford expects a burden of nearly $2.5 billion from higher commodity prices (previously ~ $2 billion). Revenue from combustion-engine models fell 3 percent to $27.1 billion, and total revenue declined 2 percent to $49.5 billion. Ford raised the lower end of its adjusted pre-tax earnings guidance and now expects $10.5–11 billion; net income fell about 16 percent to $2 billion. Electric vehicle sales dropped 31 percent to 34,000 units, the EV division’s operating loss narrowed from $1.4 billion to around $1 billion; the stock reacted with an intraday gain. » Więcej na finanzen.net

Ford reports an adjusted operating profit of $2.7 billion and adjusted earnings per share of $0.49 in the third quarter (expectation $0.40). Revenue was $49.5 billion; the lower end of the full-year EBIT forecast was raised by $500 million to $10.5 billion. The company expects higher costs for copper, steel, fuel and chips as well as increased freight costs due to the Iran war, and raised its estimate of commodity costs to nearly $2.5 billion. Production losses on the F-150 from supplier problems and the effects of the Novelis fire have largely been overcome; North America trade issues and a sales decline in the US continue to weigh on the business. » Więcej na manager-magazin.de

Ford expects a burden of about $2.5 billion this year from higher raw-material prices and recorded a 3 percent decline in its combustion-engine business to $27.1 billion. Companywide revenue fell 2 percent to $49.5 billion and profit dropped just over 16 percent to $2 billion. Electric vehicle sales fell 31 percent to 34,000 units, and the EV unit’s operating loss narrowed to about $1 billion. Despite these headwinds, Ford raised its forecast for adjusted pre-tax earnings to $10.5–11 billion. » Więcej na finanzen.net