BUZZ - Despite Ford's profits exceeding expectations, its stock price continues to decline

October 29 - ** Ford Motor F.N shares fell 1.7% pre-market to $11.74

** Despite rising commodity costs, the automaker reported a slight increase in third-quarter core profit (link)

** Core profit reached $2.7 billion; according to London Stock Exchange Group (LSEG) data, adjusted earnings per share were $0.49, above the expected $0.40, with total revenue of $49.5 billion

** Ford raised its full-year commodity cost estimate from about $2 billion to nearly $2.5 billion, citing pressures from higher copper, steel, fuel, and chip prices

** JPMorgan analysts said the company’s main challenge remains maintaining its pricing advantages and dealing with increasingly fierce competition from General Motors’ GM.N new generation of pickups, but strong order momentum and newly added Super Duty capacity should help support earnings

** So far this year, the stock has fallen about 8.9%, while the S&P 500 Index rose 13.1% over the same period .SPX

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