Ford Reports a Drop in Q3 Income; Still Beats Estimates (F)

By
A A A
Share |

American automotive giant Ford Motor Company ( F ) reported a fall in third quarter revenue and income on Tuesday, but earnings beat Wall Street estimates.

The Dearborn, Michigan based company reported third quarter net income of $1.63 billion, or 41 cents per share, down 1.2% from $1.65 billion, or 41 cents per share, a year ago. Wall Street analysts expected adjusted earnings per share to be 30 cents.

Revenue for Ford fell 2.9% to $32.1 from the third quarter in 2011. The average analyst expectation was $32.17 billion.

"The Ford team delivered a best-ever third quarter, driven by record results in North America," said Alan Mulally, chief executive officer, in a statement. "While we are facing near-term challenges in Europe, we are fully committed to transforming our business."

Ford shares were up 39 cents, or +3.76%, in premarket trading on Wednesday.

Ford Motor Company ( F ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: F , FORD

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Can You Talk Sexy Money?
Can You Talk Sexy Money?            

Stocks

Referenced

82%
50%

Most Active by Volume

16,640,049
  • $16.94 ▲ 0.71%
15,570,122
  • $5 ▲ 3.95%
11,527,618
  • $6.596 ▲ 0.47%
8,604,477
  • $99.12 ▼ 0.06%
8,474,711
  • $2.355 ▲ 13.22%
8,230,272
  • $13.23 ▼ 0.53%
7,750,745
  • $97.19 ▼ 0.02%
7,315,592
  • $77.09 ▲ 0.71%
As of 10/2/2014, 10:17 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com