Ford Motor Company (NYSE:F) said Q3 profit declined on lower volumes, higher warranty costs and "adverse balance sheet effects." Net income dropped to $835 million, or $0.21 per share, from $1.27 billion, or $0.31 a share. Net income includes pre-tax special item charges of $160 million, largely to support its European transformation plan. After tax profit excluding items was $0.24, down from $0.45 per share last year. Analysts polled by Capital IQ were looking for $0.19. Revenue fell to $34.9 billion, down from $35.8 billion last year.The company reaffirmed its 2014 guidance made on the company's Sept. 29 Investor Day of pre-tax profit of about $6 billion, excluding special items. In 2015, Ford expects to realize the benefits of its global product investment and growth strategies, and will launch 16 vehicles. Ford Motor Company (NYSE:F) expects its pre-tax profit, excluding special items, to be significantly higher - in the $8.5 billion to $9.5 billion range - with all five Automotive regions improving on 2014 results.WABCO Holdings Inc. (NYSE:WBC) reported that for Q3 ended Sept. 30, 2014, earnings were better than expected but revenue fell short of analysts' expectations; it also narrowed its earnings guidance range for fiscal 2014 in line with Street estimates. The provider of electronic, mechanical and mechatronic products posted Q3 GAAP net income of $87.7 million or $1.37 per share, compared with the prior-year period's $86.9 million or $1.26 per share. Adjusted net income was $94.8 million or $1.44 per share, versus $89.5 million or $1.26 per share in the same quarter the previous year. Revenue was $707.3 million, up 4.5% from $677.1 million in the same quarter last year.Analysts polled by Capital IQ were expecting EPS of $1.41 on revenues of $719.77 million. The company now expects fiscal 2014 EPS of $5.45 - $5.55 from the prior guidance range of $5.45 - $5.75, versus the Street view of $5.54 EPS. Sales growth is now expected to be 5.5% - 6.5% in local currencies versus previous guidance of 6% - 9%. WABCO Holdings Inc. (NYSE:WBC) shares are trading with a 52-week range of $83.92 - $111.65.First Niagara Financial Group Inc. (NASDAQ:FNFG) announced Q3 EPS in line with expectations as total revenues fell short, hit by a goodwill impairment charge. The company reported Q3 adjusted EPS of $0.18, down from $0.20 in the same period a year ago and in line with analyst estimates of $0.18 for the quarter. Total revenues of $348.70 million were down from $352.70 million in Q3 2013 and missed analyst projections of $351.40 million."In the third quarter, we recorded a non-cash goodwill impairment charge that drove the net loss in the quarter," said Gary M. Crosby, President and Chief Executive Officer. "Based on current market-driven assumptions, we concluded that the goodwill was impaired and recognized an $800 million charge. Additionally, we recently identified a process issue related to certain customer deposit accounts. In accordance with applicable accounting guidance, we established a reserve of $45 million in the third quarter for this matter." Shares of First Niagara Financial Group Inc. (NASDAQ:FNFG) are at $8.44 within a 52-week range of $7.90 - $11.34.
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