Ford Climbs, Caterpillar Falls, Skyworks Sinks on Results and Dividend Move
On this episode of Stock Movers: Ford (F) shares climb. Ford Motor Co. raised its profit outlook for the second time this year as consumers continue to buy the automaker’s high-margin sport-utility vehicles. The company’s quarterly earnings were better than expected, and it now expects to earn as much as $11 billion before interest and taxes this year, up from its prior forecast. Caterpillar (CAT) falls after Baird analyst Mircea Dobre cut the recommendation to neutral from outperform, citing a growing trend of state and local government actions targeting data centers, which have…
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