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Ford Motor Company (F) delivered strong fourth quarter revenue, reporting $48.2 billion, blowing past Wall Street estimates of $43.01 billion. The automotive giant also beat profit expectations, posting adjusted earnings per share (EPS) of $0.39, above the anticipated $0.32.
However, Ford shares are declining Wednesday afternoon following the company's weaker-than-expected EBIT guidance for the upcoming period.
Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down Ford's quarterly beat.
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This post was written by Angel Smith