trending Market Intelligence /marketintelligence/en/news-insights/trending/XyPqP4AVw__QVKCSfYfpiw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ford beats Q3 EPS estimates, lowers FY'19 guidance on Q4 headwinds

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Ford beats Q3 EPS estimates, lowers FY'19 guidance on Q4 headwinds

Ford Motor Co. posted third-quarter adjusted EPS and revenue above analysts' estimates but lowered its full-year guidance as it prepares for higher fourth-quarter costs and lower volumes in China.

The Dearborn, Mich., automaker on Oct. 23 reported adjusted diluted EPS of 34 cents, beating the mean consensus estimate for normalized EPS of 26 cents for the quarter ending Sept. 30, according to S&P Global Market Intelligence.

However, Ford lowered its full-year guidance. For the fourth quarter, it anticipates higher warranty costs, lower volumes in China and higher-than-planned incentives in North America, the company said in a news release.

The automaker's full-year adjusted EPS was lowered to a range between $1.20 and $1.32, compared with its previous forecast of $1.20 to $1.35. Ford's guidance for full-year company adjusted EBIT is between $6.5 billion and $7 billion. The guidance assumes no material change in commodities, foreign exchange and tariffs, Ford said.

Shares of Ford were down 2.7% at $8.95 in after-hours trading.

Net income attributable to Ford was $425 million during the quarter, down from $991 million in the year-ago period. The Market Intelligence estimate for GAAP net income was $987.5 million.

Revenue for the quarter came in at $36.99 billion, slightly down from $37.67 billion in the year-ago period because of currency exchange, according to Ford. This beat the mean consensus estimate for revenue of $33.88 billion, according to Market Intelligence.

Ford said "progress" in North America, China and Europe boosted third-quarter earnings.

The automaker also reported more special items charges from Ford's global restructuring, including the proposed creation of a joint venture in India with Mahindra & Mahindra.