This is yuge – and not good, either.
Ford just released its Q3 earnings and while the company is still making money, it is making a lot less money. Pre-tax net earnings are down to $1.4 billion, which sounds solid until you compare them with the previous quarter’s pre-tax net earnings, which were $3 billion.
See here.
In plain terms, Ford earned less than half during the third quarter what it earned the previous quarter.
I wrote a few weeks ago (here) about the canary in the coal mine.
Hear that?
He just hit the bottom of the cage, feet up.
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