Ford Soars 10% on Earnings Beat, AI Deals Drive Tech Gains
Ford Motor surged over 10% following a significant earnings beat, while Alphabet gained on its massive AI cloud partnership with Anthropic. The midday trading session saw several major movers across automotive, technology, and consumer sectors as quarterly results and strategic announcements drove investor sentiment.
Automotive and Tech Lead Market Movers
Ford Motor delivered one of the day’s standout performances, surging 10.7% after the Detroit automaker reportedly crushed third-quarter expectations. According to LSEG data cited in reports, Ford posted adjusted earnings of 45 cents per share, significantly above the 36 cents analysts had anticipated. The company’s revenue came in at $47.19 billion—a solid beat compared to the $43.08 billion consensus estimate that had Wall Street watching closely.