Auto industry
Ford raises low end of outlook
Q3 revenue slipped 2% to $49.5B, and net income was $2.0B. Adjusted EBIT came to $2.7B (5.4% margin), adjusted EPS was $0.49, and adjusted free cash flow was $4.7B on 9% lower wholesales. Full-year adjusted EBIT guidance is now $10.5B–$11B. On the call, Ford put F-150 stock at 49 days (target 55–65) and set a $28,350 starting price for the Fathom, due in Q4 2027, per Ford. Pickup supply below Ford's target leaves stores less inventory room than the target range would suggest.
Sources: Ford 8-K · Call transcript via Motley Fool
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