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Stock impact report

Assessing What Q3 Earnings Means for Auto ETFs [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
The Fed's dovish stance and interest rate cut in September 2024 ensure more activities in the economy, which will likely bolster the industry. Additionally, rising expectations of further interest rate cuts in 2024 and moderating inflation levels add to the industry's strength. The industry's growing momentum is evident in the recent performance of the Dow Jones Transportation Average, which tracks leading U.S. transportation companies. It has climbed 20.17% over the past year. Below, we highlight the Q3 earnings results of a few renowned domestic automobile companies. On Oct. 22, General Motors GM reported third-quarter 2024 adjusted earnings of $2.96 per share, which surpassed the Zacks Consensus Estimate of $2.49. The bottom line surged about 30% from the year-ago quarter level of $2.28. Revenues of $48.75 billion beat the Zacks Consensus Estimate of $44.29 billion, increasing from $44.13 billion recorded in the year-ago period. GM North America (“GMNA”) generated net revenu Show less Read more
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