Ford Q3 Earnings: Revenue Beat, EPS Beat, EV Sales Down 33%, Updated FY Outlook, Shares Slide

Ford Motor Co (NYSE:F) reported financial results for the third quarter after the market close on Monday. Here’s a look at the key metrics from the quarter.

Q3 Earnings: Ford reported third-quarter revenue of $46.2 billion, beating the consensus estimate of $41.88 billion, according to Benzinga Pro. The Detroit-based automaker reported quarterly earnings of 49 cents per share, beating estimates of 47 cents per share.

Total revenue was up 5% on a year-over-year basis. Ford Blue sales were up 3% to $26.2 billion in the quarter despite a 2% decline in global wholesales due to discontinued low-margin internal combustion engine vehicles. Ford Pro sales were up 13% year-over-year to $15.7 billion.

Ford Model e sales fell 33% year-over-year while global hybrid vehicle ...