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00:02Ford Motor Company reported third-quarter earnings of 49 cents per share,
00:07beating analyst estimates of 41 cents, Benzinga ProData.
00:11Revenue reached $49.53 billion, topping expectations of $46.24 billion.
00:19Ford Blue reported $1.4 billion in EBIT, down 10% due primarily to lower volume,
00:27the Middle East conflict, and higher commodity costs.
00:30Ford Model E narrowed its EBIT loss by 25% to $1.1 billion.
00:36Ford Pro reported $1.7 billion in EBIT, down 16%,
00:41while Ford Credit earnings rose 27% to $803 million.
00:47CEO Jim Farley highlighted upcoming vehicle launches, software services growth,
00:52and a target of 8% adjusted EBIT margin by 2029.
00:57Shares fell 1.51% to $11.95 in Wednesday's extended trading,
01:03according to data from Benzinga Pro.
01:05For all things money, visit Benzinga.com.
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