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Stock impact report

Ford shares fall after automaker warns of first-quarter losses and a nearly 16% dive in revenue [CNBC]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: CNBC
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018.Andrew Harrer | Bloomberg | Getty ImagesThe automaker said Monday that it couldn't yet provide an accurate estimate of its total earnings, but told investors the pretax estimate excludes $300 million in special items. In the first quarter of 2019, Ford posted first-quarter net income of $1.15 billion, andearned $2.4 billion after adjustmentsFord said total revenue for the first quarter is expected to be about $34 billion, down 15.7% from $40.3 billion a year ago.Ford's stock was down more than 5% during Monday morning trading at around $5.05. Shares of the automaker, which last month had its credit rating cut to junk statusby rating agency S&P GlobalThe company believes it has enough cash to get it through "at least the end of the third quarter with no incremental vehicle production and wholesales or financing actions," said Ford CFO Show less Read more
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