Investing.com - Ford Motor (NYSE:F) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.34 on revenue of $36.99B. Analysts polled by Investing.com expected EPS of $0.26 on revenue of $36.73B. That compared to EPS of $0.29 on revenue of $37.67B in the same period a year earlier. The company had reported EPS of $0.28 on revenue of $38.85B in the previous quarter.
Ford Motor shares lost 3.37% to trade at $8.90 in after-hours trade following the report.
Ford Motor shares lost 3.37% to trade at $8.90 in after-hours trade following the report.
For the year, Ford Motor shares are up 20.39%, under-performing the S&P 500 which is up 21.3% year to date.
Ford Motor follows other major Consumer Cyclical sector earnings this month
On Tuesday, September 24, 2019, Nike reported first quarter EPS of $0.86 on revenue of $10.66B, compared to forecasts of EPS of $0.7 on revenue of $10.44B.
AutoZone earnings beat analyst's expectations on Tuesday, September 24, 2019, with fourth quarter EPS of $22.59 on revenue of $3.75B. Investing.com analysts expected EPS of $21.77 on revenue of $3.93B
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