Tesla’s Q3 Earnings Fall Short
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Big Three automaker Ford (F) is on deck to report third quarter results, with particular focus on an aluminum plant fire that may impact Ford’s franchise F-150 sales. The company is also expected to give investors more details on the impact of President Trump’s auto tariffs.
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Tesla buyers rushing to take advantage of a $7,500 tax credit before it was eliminated by Donald Trump's omnibus spending bill saw Q3 revenue hit a new record.
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Norwegian aluminium producer Norsk Hydro reported an 18.6% fall in third-quarter core profit on Friday, hit by lower alumina prices and a stronger Norwegian crown, partly offset by higher production volumes.
Spanish-language giant TelevisaUnivision said third-quarter profit declined as the company continued its efforts to streamline operations and downturns in linear advertising outpaced new gains in efforts to bring advertisers to streaming.
Ford also reported Oct. 23 that its third quarter revenue was a record $50.5 billion, up 9% compared with the year-ago period. Ford reported net income rose 1.6% to $2.4 billion compared with a year ago. Ford said its adjusted earnings before interest and taxes for the quarter was $2.6 billion, flat compared with the same period last year.