Fords Reported Third Quarter FY15 Earnings

The auto making company has reported a very strong quarter this time again and analysts believe the giant is on the right track, despite the criticism being thrown its way by politician Donald Trump

Fords Motors, which is one of the most dominant auto makers in Detroit has recently reported earnings for the quarter ending on September 30,  they have not come up to the high expectations of the analysts who seem to constantly compare the giant with its rival General Motors. 

Ford reported $2.7 billion in adjusted revenues, which is approximately $1.5 billion more than the prior year quarter. The earnings came in at 45 cents and failed to surpass estimated EPS of 46 cents, however

The one penny difference that was made to the EPS estimated and the one that was reported was due it was $0.21 better than the similar quarter last year.to the expectation of tax deduction rate to 32% by the Wall Street analysts, where the actual tax rate that was presented by the company was 33%.

Analysts in the industry are talking about the kind of strength that was shown by smart car and trucks manufacturers, where the net income turned out to be $1.1 billion more than before, and $1.9 billion in totality. On a completely different side, analysts have also pointed out at the fact that despite the constant criticism that was faced by the luxury car makers coming in from politician Donald Trump, the auto giant has still managed to report so much strength on the index.

Ford Chief Executive Officer and President Mark Fields said during the earnings announcement, "The Ford team delivered an outstanding quarter — with record third quarter profit, best quarter ever for North America, higher wholesales, higher revenue, higher market share and improved margin,"

Trump has been making critical and cynical remarks about the way Fords business has been making large investments in Mexico and this has put off the company on many levels. In a press interview, CEO Mark Fields commented on how the politicians in the country might not be dealing with the right kind of facts and how his company only considers what is right and profitable for it and does not pay attention to rumors and opinions that might harm the giant in any way. 

Ford stock was down 0.14% to $14.72 on Wednesday October 28 as of 09:40 AM EDT.