Investing.com - The largest U.S. automaker Ford reported better-than-expected third quarter earnings and revenue on Thursday, sending its shares higher in pre-market trade.
Earlier in the day, in its third quarter earnings report, Ford said adjusted earnings per share came in at USD0.45, above expectations for USD0.37 per share.
The company’s third quarter revenue totaled USD36 billion, beating forecasts for revenue of USD34.07 billion.
For full year 2013, Ford expects Ford now expects pre-tax profit to be “higher” than in 2012 from its prior outlook of “equal-to-higher”.
Following the release of the report, shares in Ford jumped 3.4% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures pointed to a rise of 0.45% and Nasdaq 100 futures indicated an increase of 0.4%.
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Ford Q3 earnings beat estimates; raises full-year forecast
Published 10/24/2013, 07:10 AM
Ford Q3 earnings beat estimates; raises full-year forecast
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