Ford's first-quarter net income falls 24% as combustion engine unit sees sales, revenue decline [CBS News]
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: CBS News
The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year earlier. Excluding one-time items, Ford made 49 cents per share, enough to beat analyst estimates of 43 cents, according to FactSet. Revenue for the quarter was up 3.2% to $42.78 billion, but that fell short of Wall Street estimates of $42.93 billion. Ford Blue, the combustion engine unit, made $905 million before taxes, down $1.7 billion from a year ago. Revenue was down 13%. The company blamed the declines on lower inventories and the selection of F-150 pickups due to updating factories for a new model. Chief Financial Officer John Lawler told reporters Wednesday that Ford will recover sales volume and selection later in the year, positioning the company for strong earnings. READ: Ford Pro, the commercial vehicle unit, offset some of the decline, posting pretax earnings of just over $3 billion, more than double the same period last year.
Show less
Read more
Impact Snapshot
Event Time:
F
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
F alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
F alerts
High impacting Ford Motor Company news events
Weekly update
A roundup of the hottest topics
F
News
- Automotive Telematics System Market Size to Worth USD 49.19 Bn by 2032 [Yahoo! Finance]Yahoo! Finance
- Ford Motor (NYSE: F) had its price target raised by analysts at Citigroup Inc. from $16.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Over 242,600 Ford Maverick trucks recalled due to risk of tail light failure [Yahoo! Finance]Yahoo! Finance
- Over 242,600 Ford Maverick trucks recalled due to risk of tail light failure [FOX Business Network]FOX Business Network
- Ford Stock Is Down 16% in the Past 2 Years: Is This a Once-in-a-Generation Investment Opportunity? [Yahoo! Finance]Yahoo! Finance
F
Earnings
- 4/24/24 - Beat
F
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form S-8
- 4/25/24 - Form S-8
- F's page on the SEC website