Ford’s third-quarter earnings exceeded Wall Street forecasts with higher revenue and adjusted EPS, marking its tenth consecutive quarter of year-over-year growth. Ford’s EV segment faced ongoing challenges, with total EV losses exceeding $3 billion in 2024. Ford's commercial and software division, Ford Pro, remains a key revenue driver. Ford’s US EV sales rose 12%, but it remains behind GM and Hyundai Motor Group. Shares dropped nearly 5% as investors awaited stronger guidance.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ford's third quarter earnings exceeded Wall Street forecasts with higher revenue and adjusted EPS,
00:06marking its 10th consecutive quarter of year-over-year growth.
00:10Ford's EV segment faced ongoing challenges, with total EV losses exceeding $3 billion in 2024.
00:17Ford's commercial and software division, Ford Pro, remains a key revenue driver.
00:21Ford's U.S. EV sales rose 12%, but it remains behind GM and Hyundai Motor Group.
00:26Shares dropped nearly 5% as investors awaited stronger guidance.
00:30For all things money, visit Benzinga.com slash GSTV.