Investing.com - Ford Motor (NYSE:F) reported third quarter earnings that missed analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.25 on revenue of $37.67B. Analysts polled by Investing.com anticipated EPS of $0.3 on revenue of $37.62B. That compared to EPS of $0.39 on revenue of $36.45B in the same period a year earlier. The company had reported EPS of $0.27 on revenue of $38.92B in the previous quarter.
Ford Motor shares gained 5.13% to trade at $8.60 in after-hours trade following the report.
For the year, Ford Motor shares are down 33.93%, under-performing the S&P Global 100 which is down 3.02% year to date.
Ford Motor follows other major Consumer Cyclical sector earnings this month
On Tuesday, September 25, 2018, Nike (NYSE:NKE) reported first quarter EPS of $0.67 on revenue of $9.95B, compared to forecasts of EPS of $0.63 on revenue of $9.93B.
Tesla earnings beat analyst's expectations on Wednesday, with third quarter EPS of $1.75 on revenue of $6.82B. Investing.com analysts expected EPS of $-0.03 on revenue of $6.05B
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