Ford Motor Firm (NYSE: F) reported a rise in gross sales for the third quarter of 2024. The automotive maker’s adjusted revenue rose and topped expectations.
September quarter income superior 5% year-over-year to $46.20 billion. The highest line benefitted from sturdy progress within the Ford Blue and Ford Professional divisions. Adjusted earnings rose to $0.49 per share in Q3 from $0.39 per share final 12 months and topped expectations.
On an unadjusted foundation, the corporate reported a internet earnings of $892 million or $0.22 per share for the third quarter, in comparison with $1.20 billion or $0.30 per share a 12 months earlier.
“We have made strategic decisions and taken the tough actions to create advantages for Ford versus the competition in key areas like Ford Pro, international operations, software, and next-generation electric vehicles.,” stated Ford’s CEO Jim Farley.
