Ford posts stronger-than-expected earnings and improves full-year forecast

Ford Motor Co reported stronger-than-expected third-quarter profit on Wednesday and raised its full-year profit forecast as strong demand for its vans helped offset the impact of a global semiconductor shortage.

In a sign that Ford is managing the shortage of chips Better than its rivals, the automaker generated sales of $ 35.7 billion, which means more revenue than General Motors Co, which reported quarterly revenue of $ 26.8 billion earlier Wednesday.

The net profit of Ford It was $ 1.8 billion, down from $ 2.4 billion in the same period last year.

The earnings per share they were 45 cents, compared to 60 cents for the same period last year.


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