Earnings

Ford Motor (F) earnings Q3 2023

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Ford

DETROIT — Ford Motor on Thursday missed Wall Street’s third-quarter expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion.

Shares of the company fell about 4% in after-hours trading.

Due to the work stoppage by the United Auto Workers union, which ended Wednesday with a tentative deal, the company pulled its previously announced earnings guidance that included adjusted earnings between $11 billion and $12 billion and adjusted free cash flow of $6.5 billion to $7 billion.

Prior to the strikes, which began Sept. 15, the company was “poised” to hit its…



Source cnbc.com

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