Ford beats on third-quarter earnings but trims guidance for 2018 profit (F)
|10/24/2019||Posted by BusinessMediaguide.Com under General World News||
- Ford beat analysis expectations for its 3rd-quarter profit and saw a slight decline in revenue.
- Ford also trimmed in full-year profit guidance.
- The No. 2 US automaker is in the midst of an $11 billion restructuring.
- Visit Business Insider’s homepage for more stories.
Ford turned in a good quarter, but it’s still dealing with significant challenges.
On Wednesday, Ford posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due to higher warranty and incentive costs, as well as lower-than-expected sales in China.
Ford reported a third-quarter net profit of $425 million, or read more >>>