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Ford falls despite reporting profit beat

By Reuters News

** Ford Motor F.N shares down 1.7% at $11.74 premarket

** The automaker reports slightly higher Q3 core profit despite rising commodity costs

** Core profit at $2.7 bln; adjusted EPS of 49 cents above forecasts of 40 cents, per LSEG, while revenue totaled $49.5 bln

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

** Analysts at J.P. Morgan said co's key challenge remains sustaining pricing gains and navigating increasing competition from General Motors' GM.N next-generation pickups, though strong order trends and added Super Duty capacity should help support earnings

** Shares down about 8.9% YTD, versus a 13.1% rise in the S&P 500 .SPX

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