Ford Stock Drops After Automaker Misses Profit Estimates, Trims Guidance

Ford (F) reported third-quarter profit that missed analysts' expectations and trimmed its full-year outlook, sending shares lower in extended trading Monday. The automaker posted third-quarter revenue of $46.2 billion, up more than 5% year-over-year and above the analyst consensus from Visible Alpha. However, net income of $900 million or 22 cents per share declined from the $1.2 billion or 30 cents per share Ford posted a year earlier, missing estimates. Ford said it now expects full-year adjusted earnings ...