Technology
Ford just reported a better-than-expected third quarter — and the stock is jumping
Ford
- Ford beat expectations on both the top- and bottom lines.
- Shares moved up 5% after-hours.
Ford reported third-quarter earnings on Wednesday, posting beats of analysts’ expectations on both revenue and profits.
The carmaker made $0.29 per share and brought in $34.7 billion.
Ford shares jumped 5%, to nearly $9, in after-hours trading. Year-to-date, Ford has been in a severe slide, down over 30%.
“This quarter shows that our business remains very strong in key areas. We continue to make progress on our efforts to redesign Ford to be far more competitively fit, disciplined in capital allocations and nimble enough to win in a fast changing world,” CEO Jim Hackett said in a statement.
Get the latest Ford stock price here.
-
Entertainment5 days ago
Hands-on with the Claude AI app: It’s pleasant to use, but janky
-
Entertainment4 days ago
Apple Watch Series 9 vs. SE: A smartwatch skeptic tested both for 13 days
-
Business5 days ago
Haun Ventures is riding the bitcoin high
-
Entertainment7 days ago
‘Bridgerton’: Everything you need to remember before Season 3
-
Entertainment5 days ago
5 essential gadgets for turning your home into a self-care sanctuary
-
Entertainment3 days ago
The greatest films on Prime Video right now
-
Business4 days ago
Apple: pay attention to emerging markets, not falling China sales
-
Business3 days ago
Google lays off workers, Tesla cans its Supercharger team and UnitedHealthcare reveals security lapses