Ford Motor (F) Posts Q3 EPS of 45c, Missing Views
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October 28, 2015 11:31 AM EDT
UBS maintained a Buy rating on Ford (NYSE: F), and cut the price target to $22.00 (from $23.00), following the company's 3Q earnings results. Ford shares fell ~5% after todays tax-related miss.
Analyst Colin Langan commented, "The reaction likely reflects the higher tax forecast & a... More
October 27, 2015 7:20 AM EDT
By Bernie Woodall and Joseph White
DETROIT (Reuters) - Ford Motor Co (NYSE: F) reported sharply higher quarterly profit on Tuesday, driven by its record quarterly performance in North America, but the automakers' shares fell 5 percent after its results fell short of Wall Street estimates.
Ford executives also cautioned that year-end sales promotions could cut into North American profit margins during the current quarter. Ford has told dealers in the United States that it plans next week to launch a new drive to boost sales during the last two months of the... More
