https://www.cnbc.com/2020/10/28/ford...s-q3-2020.htmlFord Motor blew away Wall Street expectations as well as the company’s forecast earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic.
Here’s how Ford performed versus what Wall Street expected, based on average analysts’ estimates compiled by Refinitiv.
Adjusted EPS: 65 cents vs 19 cents expected
Automotive revenue: $34.71 billion vs $33.51 billion expected
Ford’s stock jumped more than 7% during after-hours trading before leveling off at about $8.05 a share, up 4.5%. The stock closed Wednesday at $7.70, down 2.8%.
So much for the pundit dream of a merger. How sad for them.
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