. >>> and later, gil simon presenting his best idea at this year's conference. he will break down his top pick. >>> an earnings alert. ford shares are jumping in after hours session. le let's jump straight to phil lebeau >> they are popping. reported earnings of 51 cents a share. the street was expecting 27 cents a share. forget about the fact revenue was a smidge under expectation earnings beat by 24 cents. their earnings adjusted ebit margin 8.4% stronger q4 sales, raising their 2021 profit target the new full year target is 10 1/2 to 11 1/2 that's another reason why shares move higher. what about the chip loutlook? during the call he said it is improving and will compare in the fourth quarter compared to third quarter. he said it will decrease in intensity but it will last in 2022, and it may linger into 2023 that hasn't scared people. it expects 40 to 45 billion in spending between now and 2025 for the bve battery electric investments. there are substantial investments ford will be making. no change in its full year finally, the company will be reinstating i