Doug Ford responds to Trump terminating Canada talks
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carrier strike group, Gerald Ford and Western Hemisphere
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Ford investors also will be looking for updates on company's cost-cutting efforts, quality improvements, tariff impact and a supplier fire.
Ford said a fire at an aluminum factory will lower profits in the last three months of the year. The company also said it has stopped making an electric version of its popular F-150 pickup.
Grindr (GRND), trademarked as the “Global Gayborhood in Your Pocket,” will release its Q3 earnings on November 6, ahead of which investor interest is surging, leading to a 16% weekly increase in its stock price.
Ford is adding extra workers and taking other measures to meet “strong” customer demand for its F-Series pickup trucks, while making up for production losses stemming from a fire at an aluminum supplier’s plant.
Ford beat Q3 estimates with strong ICE demand, solid cash flow, and attractive valuation supporting long-term profitability. Read why F stock is a strong buy.
General Motors reported, on Oct. 21, its third-quarter net income was $1.32 billion, a 57% decline compared with the year-ago period. GM blamed it on a loss in profits from electric vehicle production changes. GM has forecast a $5 billion tariff-related hit to its full-year profits.
Ford sold a record number of hybrid vehicles in the third quarter. Still, it will have a high bar to clear after GM boosted profit expectations for the year.
Ford Motor cut its profit guidance on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through the end of the year.
President Donald Trump calls Ford F-150 a 'hot truck' after reporter claims Japan's new Prime Minister Sanae Takaichi plans major purchase.