New Ford F-Series pickup trucks are stored in a lot during a semiconductor shortage at Kentucky Speedway in Sparta, Kentucky, U.S., on Friday, July 16, 2021.
Mandatory Credit: Jeffrey Scott Dean/Bloomberg/Getty Images
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Ford shares soar on raised earnings outlook and restored dividend
As with most automakers, Ford's earnings took a hit from the supply chain problems and computer chip shortage. But its third quarter results were much better than Wall Street expected. The company also raised its outlook for future earnings and restored its dividend.
