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How’s Ford Stock Faring in November?

John Parker
How’s Ford Stock Faring in November?

Ford Motor Company (F) stock ended October on a positive note with 3.2% gains despite a 6.9% drop in the S&P 500 Index. Before Ford’s earnings were released on October 24, the stock continued to fall but witnessed a sharp recovery after the event. The company’s third-quarter adjusted earnings fell ~33.0% YoY (year-over-year) to $0.29 per share. The earnings were marginally better than analysts’ estimates of $0.28. Ford reported an ~3.0% YoY rise in its revenues for the quarter, while its profitability deteriorated. ...