Ford Motor (NYSE: F) reported Q3 EPS of $0.65, $0.49 better than the analyst estimate of $0.16. Revenue for the quarter came in at $37 billion versus the consensus estimate of $32.86 billion.

Outlook

Ford’s current expectations for the fourth quarter include:

• Temporarily lower wholesale shipments of F-150 – about 100,000 units – reflecting a measured production ramp-up to assure a high-quality launch of the 2021 model
• Sequentially higher structural and other costs related to manufacturing launches of Mustang Mach-E and Bronco Sport, advertising launch activities for new products, including the Bronco brand, higher material and other costs, and
• Sequentially lower EBT from Ford Credit. Taken together, Ford anticipates fourth-quarter adjusted EBIT to be between break-even and a $500 million loss, down from both the third quarter and year-ago period. Based on that Q4 guidance, the company now expects positive adjusted company EBIT for full-year 2020.

For earnings history and earnings-related data on Ford Motor (F) click here.