Ford Motor Company (NYSE:F) shares are trading higher by 1.60% to $13.02 during Thursday’s session after the company reported better-than-expected third-quarter sales results.
What Happened?
Ford Motor reported quarterly earnings of 30 cents per share which missed the analyst consensus estimate of $0.32 by 6.25 percent. This is a 41.18 percent decrease over earnings of $0.51 per share from the same period last year.
The company also reported quarterly sales of $37.19 billion which beat the analyst consensus estimate of $36.00 billion by 3%. This sales figure represents a 12% increase over sales of $33.21 billion in the same period last year.
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Ford highlighted three customer-centered automotive business units in its earnings release: Ford Blue for gas-powered and hybrids, Ford Model E for electric vehicles and Ford Pro for commercial vehicles and services…Read More
According to data from Benzinga Pro, Ford Motor Company has a 52-week high of $25.87 and a 52-week low of $10.61.
