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