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Stock impact report

Ford sees big Q1 boost, raises annual profit expectation [USA TODAY]

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: USA TODAY
Ford's first-quarter revenue rose to $43.3 billion, and net income increased to $2.5 billion. A one-time $1.3 billion tariff refund contributed to the higher earnings. Ford raised its full-year profit forecast. This story has been corrected to clarify the reason for Ford's decrease in net tariff costs and its restructuring charges. Ford Motor Co. said its global first-quarter earnings came in higher this year compared with the year-ago period in large part due to a one-time refund in tariffs, strong pricing and a boost in subscriptions in its commercial vehicle business, among other things. Ford reported April 29 that its revenue rose 6% to $43.3 billion compared with $40.7 billion in the first quarter a year ago despite lower new vehicle sales in the United States. It reported its adjusted earnings before interest and taxes was $3.5 billion compared with $1 billion a year ago. Its net income for the quarter was $2.5 billion compared with $471 million in the year-ago quar Show less Read more
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