Ford Q3 Earnings: Revenue Beat, EPS Beat, EV Sales Down 33%, Updated Outlook, Shares Slide
Portfolio Pulse from Adam Eckert
Ford Motor Co reported Q3 earnings with revenue and EPS beating estimates, but EV sales fell 33%. The company updated its FY outlook, expecting significant losses in its electric segment. Shares fell 4.40% after hours.
October 28, 2024 | 8:34 pm
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Ford's Q3 earnings report showed revenue and EPS beats, but a 33% decline in EV sales. The company updated its FY outlook, expecting a $5 billion loss in its electric segment. Shares fell 4.40% after hours.
Despite beating revenue and EPS estimates, Ford's significant decline in EV sales and expected losses in the electric segment negatively impacted investor sentiment, leading to a 4.40% drop in share price after hours.
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IMPORTANCE 90
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