Ford reported third-quarter earnings on Thursday before the markets opened, and the automaker made $0.26 per share on an adjusted basis, on $35.9 billion in revenue.
Analysts had expected $0.21 per share.
"This quarter, we delivered key elements of our growth plan by fortifying our core business with the launch of the all-new Super Duty pickup, transforming Lincoln with the new Continental and investing in emerging opportunities with the acquisition of the Chariot crowd-sourced shuttle service," CEO Mark Fields said in a statement.
"Importantly, we remain on track to deliver one of our best profit years ever,” he added.
Ford joined Detroit rivals General Motors and Fiat Chrysler Automobiles in reported better-than-expected earnings in Q3, amid concern in the industry that the US auto sales market has peaked.
However, Ford made $0.45 per share in the same quarter last year, and in Q2 2016 missed on expectations while still turning in a profitable quarter.
The carmaker earned most of its Q3 money in North America on the strength of pickup and SUV sales. South America was a catastrophe, with a $295-million loss, but the entire industry is suffering in that region. Asia Pacific results were relatively solid — Ford highlighted a record pretax profit of $131 million — and Europe delivered its sixth profitable quarter in a row, the company said.
A interesting bright spot was the continued successful revival of the Lincoln luxury brand. Ford said that global sales were up 17 percent from 2015, a good indication that the brand is gaining ground in the critical Chinese market.
Ford shares were flat in pre-market trading on Thursday, after closing at $12 on Wednesday.
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