Ford posts lower Q3 profit, trims its full-year outlook
 

Filed under: Earnings/Financials,Ford
Ford Motor Co on Wednesday posted a lower quarterly profit as it took charges for its global restructuring, and reduced its full-year operating profit forecast due to higher warranty and incentive costs, as well as lower-than-expected sales in China. The No. 2 U.S. automaker reported a third-quarter net profit of $425 million (£329.84 million), or 11 cents a share, compared with $991 million, or 25 cents a share, a year earlier. The quarter included $1.5 billion in special charges, mostlContinue reading Ford posts lower Q3 profit, trims its full-year outlook
Ford posts lower Q3 profit, trims its full-year outlook originally appeared on Autoblog on Wed, 23 Oct 2019 16:31:00 EDT. Please see our terms for use of feeds.


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