Ford shares in great shape in the Wall Street pre-market (+1,68%) thanks to a quarterly report that beat analysts' estimates in terms of profit and turnover.
In the third quarter of 2017, the Detroit giant reported net income of $1,56 billion, 39 cents a share, up 63,4% from $957 million, 24 cents a share, in the same period last year .
Excluding exceptional items, adjusted profit was 46 cents, well above the 33 cents expected by analysts.
Net improvement also for turnover, which rose from 35,9 to 36,5 billion dollars. Also in this case the result beat the consensus, equal to 32,9 billion expected by analysts. For the full year, the company now expects earnings in the range of $1,75 to $1,85 per share, versus the range of $1,65 to $1,85 per share previously estimated and above the $1,74 expected by analysts.
