Ford Raises Full-Year Profit Forecast After Strong Third Quarter

Ford Motor Company raised the low end of its full-year profit forecast for adjusted earnings before interest and taxes to between $10.5 billion and $11 billion. This update increases the previous floor of $10 billion.

The company reported third-quarter adjusted earnings of 49 cents per share, a figure that exceeded analyst estimates. Ford attributed the improved financial outlook to strict cost controls and sustained demand for pickups and sport utility vehicles.

These factors helped the company mitigate financial pressures stemming from inflation and the war with Iran.