Company Of The Day: Ford

October 28th, 2021 by Trefis Team
+54.73%
Upside
11.42
Market
17.67
Trefis
F: Ford Motor logo
F
Ford Motor

What?

Ford (NYSE:F) published a stronger than expected set of Q3 2021 results, with revenue coming in at $35.7 billion and net income standing at $1.8 billion. The company also raised its full-year guidance for the second time this year and noted that it would reinstate its regular dividend starting from Q4.

Why?

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The company indicated that it was seeing strong demand for its newer products such as the Bronco SUV and Mustang Mach-E. Moreover, semiconductor availability also improved sequentially, helping production.

So What?

Ford stock soared by almost 9% in after-hours trading on Wednesday.

See Our Complete Analysis For Ford

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