Ford Motor Stock Higher After Profit and Revenue Beat Estimates

Ford Motor  (F) – Get Report shares were higher after the auto maker reported that third-quarter net income leaped on 1.4% higher revenue.

The Dearborn, Mich., auto giant earned 60 cents a share in the third quarter, compared with 11 cents a share in the year-earlier quarter. The latest adjusted earnings were 65 cents a share against the year-earlier 34 cents.

Revenue reached $37.5 billion from $36.99 billion.

A survey of analysts by FactSet produced consensus estimates of net income of 18 cents a share, or an adjusted 20 cents, on revenue of $35.72 billion.

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