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FORD BEATS EARNINGS, MISSES SALES ESTIMATES

Matthew BoeslerOct 24, 2013, 16:35 IST

Flickr/David Boyle

Ford Motor has released third-quarter earnings results.

The Detroit auto maker reported earnings per share of $0.45, above expectations for $0.37.

However, it missed sales estimates, reporting $33.9 billion in revenues versus the $34.1 billion estimate.

The company raised its 2013 operating margin forecast, while narrowing its forecast for losses in the European auto market this year.

Shares are more than 3% higher in pre-market trading.

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