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2021-10-28

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Ford Motor posts stronger-than-expected profit, raises full-year forecast

DETROIT (Reuters) -Ford Motor Co on Wednesday reported a stronger-than-expected third-quarter profit

Ford Motor posts stronger-than-expected profit, raises full-year forecast

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Ford increased its guidance for full-year adjusted operating earnings to between $10.5 billion and $11.5 billion.</p>\n<p>Earnings per share were 45 cents, compared with 60 cents in the year-ago period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford Motor posts stronger-than-expected profit, raises full-year forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord Motor posts stronger-than-expected profit, raises full-year forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-10-28 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DETROIT (Reuters) -Ford Motor Co on Wednesday reported a stronger-than-expected third-quarter profit and raised its full-year earnings forecast as strong demand for its trucks helped offset the hit from a global semiconductor shortage.</p>\n<p>The&nbsp;shares&nbsp;surged&nbsp;8.9%&nbsp;in extended trading.</p>\n<p><img src=\"https://static.tigerbbs.com/d6a890fd324551ccd10e2bf96cf6ca98\" tg-width=\"849\" tg-height=\"618\" width=\"100%\" height=\"auto\"></p>\n<p>Ford said increased availability of chips and higher wholesale vehicle shipments in the third quarter enabled it to post higher profit, revenue and cash flow from the previous quarter. The worldwide shortage of computer chips has left car manufacturers unable to complete assembly of some new vehicles.</p>\n<p>In an indication that it is managing the chip shortage better than its rival, Ford, with sales of $35.7 billion, generated more revenue than competitor General Motors Co. GM earlier on Wednesday reported quarterly revenue of $26.8 billion.</p>\n<p>The carmaker announced it will restore a quarterly dividend, paying shareholders 10 cents a share or $400 million in total in the fourth quarter.</p>\n<p>In an earnings call after the stock-market close, Chief Financial Officer John Lawler said Ford expects fourth quarter wholesale volume to rise 10%, after jumping 30% from the second quarter to the third. Wholesale shipments are largely to dealers.</p>\n<p>Ford's net income was $1.8 billion, down from $2.4 billion a year earlier.</p>\n<p>Adjusted operating earnings were $3.0 billion, compared with $3.6 billion the previous year. Ford increased its guidance for full-year adjusted operating earnings to between $10.5 billion and $11.5 billion.</p>\n<p>Earnings per share were 45 cents, compared with 60 cents in the year-ago period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2178234410","content_text":"DETROIT (Reuters) -Ford Motor Co on Wednesday reported a stronger-than-expected third-quarter profit and raised its full-year earnings forecast as strong demand for its trucks helped offset the hit from a global semiconductor shortage.\nThe shares surged 8.9% in extended trading.\n\nFord said increased availability of chips and higher wholesale vehicle shipments in the third quarter enabled it to post higher profit, revenue and cash flow from the previous quarter. The worldwide shortage of computer chips has left car manufacturers unable to complete assembly of some new vehicles.\nIn an indication that it is managing the chip shortage better than its rival, Ford, with sales of $35.7 billion, generated more revenue than competitor General Motors Co. GM earlier on Wednesday reported quarterly revenue of $26.8 billion.\nThe carmaker announced it will restore a quarterly dividend, paying shareholders 10 cents a share or $400 million in total in the fourth quarter.\nIn an earnings call after the stock-market close, Chief Financial Officer John Lawler said Ford expects fourth quarter wholesale volume to rise 10%, after jumping 30% from the second quarter to the third. Wholesale shipments are largely to dealers.\nFord's net income was $1.8 billion, down from $2.4 billion a year earlier.\nAdjusted operating earnings were $3.0 billion, compared with $3.6 billion the previous year. Ford increased its guidance for full-year adjusted operating earnings to between $10.5 billion and $11.5 billion.\nEarnings per share were 45 cents, compared with 60 cents in the year-ago period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1112,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}