DETROIT — Ford Motor expects earnings next year will be roughly in line with the automaker's anticipated results this year, the company said Wednesday as it reported mixed results for the third quarter.
The Detroit automaker beat Wall Street's third-quarter earnings expectations but slightly missed revenue estimates. The company has been working to stabilize production of its F-Series pickup trucks after dealing with supplier issues for much of the past year.
"This quarter's results reflect deliberate actions to improve profitability and deliver consistent financial returns," Ford CFO Sherry House told reporters during a call Wednesday.
Ford reported third-quarter adjusted free cash flow of $4.7 billion, roughly $2 billion higher than what analysts were anticipating, according to StreetAccount.
Here's how Ford performed in the third quarter, compared with average estimates compiled by LSEG:
Earnings per share: 49 cents adjusted vs. 40 cents expected
Automotive revenue: $46.08 billion vs.…