Credit: Reuters/Carlo Allegri
A man walks past a new Ford car at the Jacob Javits Convention Center during the New York International Auto Show in New York April 16, 2014.
Ford's launch of its F-150 made with an aluminum body is on track, the company said on Friday. A 3 percent drop in third-quarter revenue to $34.9 billion is largely linked to the shutdown of the F-150 plant in Dearborn, Michigan.
Ford net profit of $835 million, or 21 cents per share, was down 34 percent from $1.27 billion, or 31 cents per share, a year earlier.
Excluding one-time items, Ford reported earnings of 24 cents per share, which beat expectations of 19 cents from analysts polled by Thomson Reuters I/B/E/S.
(Reporting by Bernie Woodall; Editing by Lisa Von Ahn)
Entities 0 Name: Ford Count: 4 1 Name: New York International Auto Show Count: 1 2 Name: Allegri Count: 1 3 Name: Michigan Count: 1 4 Name: Bernie Woodall Count: 1 5 Name: Thomson Reuters Count: 1 6 Name: Lisa Von Ahn Count: 1 7 Name: Dearborn Count: 1 8 Name: New York Count: 1 Related 0 Url: http://ift.tt/1tqOKfO Title: Qlik revenue rises 26 percent on demand for business analytics software Description: The company reported a net loss of $14.4 million, or 16 cents per share, in the third quarter ended Sept. 30 from a profit of $3 million, or 3 cents per share, a year earlier as expenses rose by a about a third Excluding items, the company earned 1 cent per share.
