quarterly earnings

The automaker reported third-quarter earnings after the markets closed and said its net profit tumbled nearly 26% as it took $1 billion in accounting charges to write down assets for a canceled three-row electric SUV.

The Detroit automaker said it took in $48.8 billion in revenue from July through September, 10% more than last year, aided by U.S. average vehicle sale prices that were steady at over $49,000.

Net profits at the U.S.-European automaker were down by half in the first six months of the year.

Ford Motor Co. reported Wednesday that its second-quarter net income fell 4.7% from a year ago as its combustion-engine unit posted a pretax loss due to rising warranty and recall costs.