US Stock Market Move | Ford Motor Company (F.US) surged 10% in Q3, with profits and sales exceeding expectations.

On Friday, Ford Motor Company (F.US) surged 10% to $13.56. In terms of news, despite the impact of the Novelis incident, Ford's third-quarter profits and sales exceeded Wall Street expectations, with overall performance strong. Adjusted earnings per share for the third quarter were 45 cents, higher than the analyst average of 36 cents; sales reached a record $50.5 billion, also higher than the analyst expectation of $43.7 billion. The financial report shows that Ford Motor Company's total revenue for the third quarter was $50.5 billion, a year-on-year increase of 9.3%, with a net profit of $2.4 billion. The company has revised its full-year adjusted pre-tax profit expectations to $6 billion to $6.5 billion, down from the previous forecast of $6.5 billion to $7.5 billion; and expects full-year adjusted free cash flow of $2 billion to $3 billion. Ford's Chief Financial Officer Sherry House stated that the company had expected to achieve over $8 billion in EBIT this year before the Novelis fire. "If it weren't for the Novelis fire, we would have raised performance guidance," House said. In addition, Ford currently anticipates that the tariff policy introduced by the Trump administration will result in a financial loss of $1 billion for the company, lower than the previously estimated net loss of $2 billion.