Ford shares are trading lower after the company reported mixed Q3 results. The company also withdrew its 2023 guidance and said it is postponing $12 billion planned for EV investment.
Portfolio Pulse from Benzinga Newsdesk
Ford reported mixed Q3 results, leading to a drop in its share price. The company also withdrew its 2023 guidance and postponed its $12 billion investment in electric vehicles (EVs).
October 27, 2023 | 6:56 pm
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NEGATIVE IMPACT
Ford's mixed Q3 results and the withdrawal of its 2023 guidance, along with the postponement of its $12 billion EV investment, have negatively impacted its stock price.
Ford's mixed Q3 results indicate uncertainty in its financial performance. The withdrawal of its 2023 guidance suggests potential challenges ahead, which could negatively impact investor sentiment. The postponement of its $12 billion EV investment could be seen as a delay in its strategic growth plans, further impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100