Ford Raises Full-Year Adjusted EBIT Guidance
Ford upgraded its full-year adjusted EBIT forecast to $10 billion–$11 billion from $8.5 billion–$10.5 billion, with Blue and Pro segments driving the improvement.
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Ford has lifted its full-year adjusted EBIT outlook to a range of $10 billion to $11 billion, compared with a previous view of $8.5 billion to $10.5 billion. The Blue segment is now expected to generate $5 billion to $5.5 billion, while the Pro segment is seen at $7 billion to $7.5 billion.
The company continues to project a loss of approximately $4 billion in its Model E segment. Free cash flow guidance has also been raised to $6 billion–$7 billion, while capital expenditure expectations are unchanged at $9.5 billion to $10.5 billion.
Source: First Squawk