Ford Motor Firm (NYSE: F) reported a rise in gross sales for the third quarter of 2024. The automobile maker’s adjusted revenue rose and topped expectations.
September quarter income superior 5% year-over-year to $46.20 billion. The highest line benefitted from robust development within the Ford Blue and Ford Professional divisions. Adjusted earnings rose to $0.49 per share in Q3 from $0.39 per share final yr and topped expectations.
On an unadjusted foundation, the corporate reported a internet earnings of $892 million or $0.22 per share for the third quarter, in comparison with $1.20 billion or $0.30 per share a yr earlier.
“We have made strategic decisions and taken the tough actions to create advantages for Ford versus the competition in key areas like Ford Pro, international operations, software, and next-generation electric vehicles.,” mentioned Ford’s CEO Jim Farley.