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-0.00194552529182875 -0.00194552529182875 0 -0.00194552529182875 -0.00194552529182875 -0.00389105058365768 -0.00389105058365768 0.0038910505836575
Stock impact report

Ford Motor Swings to First-Quarter Loss on 15% Lower Revenue [TheStreet.com]

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: TheStreet.com
Ford Motor(Get ReportThe Dearborn, Mich., auto giant reported a loss of $1.99 billion, or 50 cents a share, for the quarter compared with a profit of $1.15 billion, or 29 cents, in the year-earlier quarter. The latest adjusted loss was 23 cents a share.A survey of analysts by FactSet had estimated that Ford would post a loss of 8 cents a share on revenue of $34.69 billion.But the company hadtelegraphed the results on April 17Ford Credit earned $30 million before taxes in the quarter, compared with $801 million a year earlier.In that unit, “strong portfolio performance was offset by about $600 million from increased credit-loss reserves, and higher depreciation on off-lease vehicles awaiting sale and anticipated operating lease defaults -- all reflecting estimated impact of the coronavirus in future periods,” the company said in a statement.The car industry has been hammered by the national lockdown resulting from the coronavirus. The automakers had shut down their plants in March.AndB Show less Read more
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