Ford's third-quarter net income fell to $2.05 billion from $2.45 billion a year earlier, pulled down by electric vehicle losses and weaker sales.

Revenue slipped 2 percent to $49.5 billion. Earnings per share dropped to 50 cents from 60 cents.

Adjusted profit before interest and taxes rose to $2.7 billion from $2.6 billion, and adjusted earnings of 49 cents a share beat forecasts of about 40 cents.

Ford earned more from fewer vehicles thanks to pricing and its model mix, even as wholesale volumes fell 9 percent to 1.05 million.

Model e, the EV division, lost $1.1 billion. That was 25 percent smaller than the $1.4 billion loss a year ago.

EV revenue fell 31 percent to $1.2 billion, and Ford still expects Model e to lose about $4 billion this year.

Ford Pro, the commercial unit, earned $1.7 billion, down 16 percent. Ford Blue, the gas and hybrid business, earned $1.4 billion.

Ford Credit added $803 million before taxes, up 27 percent. The company ended September with $25.3 billion in cash.

Ford now expects full-year adjusted profit of $10.5 billion to $11 billion, raising the low end of its range.

It declared a dividend of 15 cents a share, payable on December 1.

Read the full article for the full breakdown of Ford's quarter.