Mubasher: Ford Motor Company on Thursday reported its net profit for the third quarter of 2017, beating analyst’s expectations.
The US-based automaker achieved a net profit of $1.56 billion in the three months ended September, versus $960 million in the prior-year period.
Earnings per share (eps) stood at 43 cents in Q3-17, slamming Wall Street expectations of 32 cents.
Revenue amounted to $36.45 billion in Q1-17 from $35.94 billion in Q3-16.
Analysts were expecting revenues to retreat at $32.9 billion.
Ford’s stock closed Wednesday’s trading session 1.2% down to $12.04.
