Ford Beats Expectations with High-Profit SUV Sales

Ford Motor Co. reported a profit that exceeded Wall Street expectations, driven by strong performance in high-margin SUV sales and price increases. The company raised its financial outlook for the second time this year. Erin Keating, executive analyst at Cox Automotive, noted that while some brands continue to meet demand for mid-size SUVs, there are enough buyers in the U.S. for more expensive full-size pickups and SUVs. Ford's strength in this segment has helped boost its profitability. The company's stock performance was supported by investors reacting positively to this favorable news. This is not investment advice.