Ford's F-Series Gives CEO Hackett Leverage for Turnaround Bid
- Sales of the big money-maker pickups rose 14% in third quarter
- Hackett punting 2018 forecast to January makes investors wary
Ford CFO Sees Opportunity in Market Shift
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Ford Motor Co. just boosted earnings the old-fashioned way -- strong sales of lucrative pickups and cost cuts.
Adjusted profit for the three months ended in September exceeded the highest analyst estimate in a Bloomberg survey, as sales of F-Series pickups surged 14 percent for the truck line’s best third quarter in a dozen years. Ford said annual earnings will be at the high end of the range it forecast earlier this year.