Ford Motor (NYSE:F) reported earnings for its third quarter of Fiscal Year 2022. Adjusted earnings per share came in at $0.30, which beat analysts' consensus estimate of $0.27 per share. In the past nine quarters, the company has beaten estimates eight times. Sales increased 10% year-over-year, with revenue hitting $39.4 billion. This was higher than the $37.1 billion that analysts were looking for. However, the company demonstrated operating deleverage since its adjusted EBIT margin contracted from 8.4% to 4.6%. Looking forward, management now expects adjusted EBIT for Fiscal Year 2022 to be 15% higher than last year at around $11.5 billion.
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