US Stock Movement | Ford Motor surged 10% as Q3 profits and sales exceeded expectations
On Friday, Ford Motor surged 10%, closing at $13.56. In terms of news, despite the impact of the Novelis incident, Ford's profits and sales in the third quarter still exceeded Wall Street expectations, showing strong overall performance. The adjusted earnings per share for the third quarter were 45 cents, higher than the average analyst expectation of 36 cents; sales reached a record $50.5 billion, also surpassing the analyst expectation of $43.7 billion. The financial report showed that Ford Motor's total revenue for the third quarter was $50.5 billion, a year-on-year increase of 9.3%, with a net profit of $2.4 billion. The company has lowered its full-year adjusted EBIT expectation to $6 billion to $6.5 billion, down from the previous estimate of $6.5 billion to $7.5 billion; it expects full-year adjusted free cash flow to be between $2 billion and $3 billion. Ford's Chief Financial Officer Sherry House stated that before the fire incident, the company was originally expected to achieve over $8 billion in EBIT this year. "If it weren't for the Novelis fire, we would have raised our performance guidance," House said. Additionally, Ford currently expects that the tariff policy introduced by the Trump administration will result in a financial loss of $1 billion for the company, lower than the previous estimate of a $2 billion net loss
According to Zhitong Finance APP, on Friday, Ford Motor (F.US) surged 10%, closing at $13.56. Despite the impact of the Novelis incident, Ford's profits and sales in the third quarter still exceeded Wall Street expectations, showing strong overall performance. The adjusted earnings per share for the third quarter were 45 cents, higher than the analysts' average expectation of 36 cents; sales reached a record $50.5 billion, also surpassing the analysts' expectation of $43.7 billion.
The financial report shows that Ford Motor's total revenue in the third quarter was $50.5 billion, a year-on-year increase of 9.3%, with a net profit of $2.4 billion. The company has lowered its full-year adjusted EBIT expectation to $6 billion to $6.5 billion, down from the previous estimate of $6.5 billion to $7.5 billion; it expects full-year adjusted free cash flow to be between $2 billion and $3 billion.
Ford's Chief Financial Officer Sherry House stated that before the fire incident, the company was originally expected to achieve over $8 billion in EBIT this year. "If it weren't for the Novelis fire, we would have raised our performance guidance," House said. Additionally, Ford currently expects that the tariff policy introduced by the Trump administration will result in a financial loss of $1 billion for the company, lower than the previous estimate of a $2 billion net loss
