Detroit automaker Ford Motor Co. (F) has issued third-quarter financial results that beat Wall Street estimates.
The company announced earnings per share (EPS) of $0.45 U.S., which was ahead of the $0.36 U.S. expected among analysts.
Revenue in the period totaled $47.19 billion U.S., which topped the $43.08 billion U.S. estimated on Wall Street.
Despite the strong print, Ford lowered its forward guidance, saying that it now expects 2025 earnings of $6 billion U.S. to $6.5 billion U.S., down from $6.5 billion U.S. to $7.5 billion U.S.
Free cash flow of $2 billion U.S. to $3 billion U.S. is down from $3.5 billion U.S. to $4.5 billion U.S. previously.
Management said the lowered guidance is the result of a recent fire at a New York plant of an aluminum supplier that is expected to cost between $1.5 billion U.S. and $2 billion U.S.
Ford also lowered its expected tariff costs by $1 billion U.S. to roughly $2 billion U.S.
Management at the automaker said that half of the tariff costs will be offset through exemptions and extensions of tariff offsets on U.S.-made vehicles.
F stock has risen 28% this year to trade at $12.34 U.S. per share.
