Automotive manufacturer Ford (NYSE:F) announced better-than-expected revenue in Q3 CY2024, with sales up 5.5% year on year to $46.2 billion. Its non-GAAP profit of $0.49 per share was also 3.5% above analysts’ consensus estimates.
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Ford (F) Q3 CY2024 Highlights:
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Revenue: $46.2 billion vs analyst estimates of $42.32 billion (9.1% beat)
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Adjusted EPS: $0.49 vs analyst estimates of $0.47 (3.5% beat)
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Gross Margin (GAAP): 13%, up from 9.1% in the same quarter last year
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Operating Margin: 1.9%, in line with the same quarter last year
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Free Cash Flow Margin: 7.6%, up from 5.4% in the same quarter last year
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Sales Volumes were flat year on year, in line with the same quarter last year
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Market Capitalization: $44.01 billion
Company Overview
Established to make automobiles accessible to a broader segment of the population, Ford (NYSE:F) designs,…
