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10/28/2020, 9:07 PM (Source: TeleTrader)
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Ford revenue up 1% to $37.5B in Q3

Ford Motor Company said on Wednesday that its revenue in the third quarter amounted to $37.5 billion, increasing 1% year on year while its automotive revenue was up 2% in the same period to reach $34.7 billion. Net income increased to $2.4 billion from $2 billion recorded in the same quarter in 2019. Meanwhile, earnings per share surged from $0.11 a year ago to $.60 in the quarter ended September.

"We know that there’s huge value to be unlocked as we turn around our automotive operations. There will be additional opportunity when we start growing again, which we will do with products and services customers can’t resist," CEO Jim Farley said.

Ford shares were up 5.71% at 4:38 pm ET in after-hours trading.

Breaking the News / VP