Ford profit falls by almost half, misses Wall St. estimates [Reuters]
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Ford Motor Company (F)
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Source: Reuters
Ford profit falls by almost half, misses Wall St. estimates | Reuters Reuters Staff 1 Min Read DETROIT (Reuters) - Ford Motor Co ( F.N ) on Wednesday posted a second-quarter net profit that was down by almost half from the prior-year period, missing analyst expectations, due to a fire at a parts supplier that disrupted production of its popular pickup trucks, while falling sales and tariffs hurt the automaker’s business in China. The No. 2 U.S. automaker reported a second-quarter net profit of $1.07 billion, or 27 cents a share, compared with $2.05 billion, or 51 cents a share, a year earlier. Analysts on average had expected earnings of 31 cents a share, according to Thomson Reuters I/B/E/S. Reporting by Nick Carey and Ben Klayman; Editing by Leslie Adler All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights Reserved. Ford profit falls by almost half, misses Wall St. estimates DETROIT (Reuters) - Ford M
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