Ford Posts Strong Q3

It's Benzinga, bringing Wall Street to Main Street. Ford Motor Company reported third quarter earnings of 49 cents per share, beating analyst estimates of 41 cents. Benzinga Pro Data. Revenue reached $49.53 billion, topping expectations of $46.24 billion. Ford Blue reported $1.4 billion in EBIT, down 10% due primarily to lower volume, the Middle East conflict, and higher commodity costs. Ford Model E narrowed its EBIT loss by 25% to $1.1 billion. Ford Pro reported $1.7 billion in EBIT, down 16%, while Ford Credit earnings rose 27% to $803 million. CEO Jim Farley highlighted upcoming vehicle launches, software services growth, and a target of 8% adjusted EBIT margin by 2029. Shares fell 1.51% to $11.95 in Wednesday's extended trading, according to data from Benzinga Pro. For all things money, visit Benzinga.com.