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Ford 3Q earnings more than double on North America results

Ford's third quarter earnings more than double on pickup demand, but miss Wall Street forecast

Ford 3Q earnings more than double on North America results

DEARBORN, Mich. (AP) -- Ford Motor Co.'s net income more than doubled to $1.9 billion in the third quarter on strong sales of its new F-150 pickup truck.

Ford reported record results in North America, where it earned $2.7 billion. Its sales in the region jumped 16 percent as it cranked up production and sales of the new aluminum-sided pickup.

The automaker's overall sales rose 7 percent to 1.6 million. It lost money in Europe, South America and the Middle East but eked out a small profit in Asia.

Ford's profit, of 48 cents per share, compared with a profit of 27 cents in the same quarter a year ago.

Excluding one-time items, Ford earned 45 cents per share, falling short of the 46-cent profit forecast by Wall Street, according to analysts surveyed by FactSet.


Updated : 2021-09-25 04:36 GMT+08:00