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Thursday, 07/27/2023 5:32:02 PM

Thursday, July 27, 2023 5:32:02 PM

Post# of 54367
Ford raises full-year guidance after solid earnings beat
PUBLISHED THU, JUL 27 202312:00 PM EDTUPDATED 8 MIN AGO
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Michael Wayland

KEY POINTS
Ford Motor on Thursday raised its 2023 guidance after second-quarter earnings significantly beat Wall Street expectations, boosted by strong pricing and demand for the automaker’s traditional vehicles.
Ford increased its full-year adjusted earnings forecast to a range of between $11 billion and $12 billion, up from a prior forecast $9 billion and $11 billion.
EV adoption, however, is taking place more slowly than the company expected, in part because of higher costs.

https://www.cnbc.com/2023/07/27/ford-motor-f-earnings-q2-2023.html

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