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0 -1.50941117870908E-05 0.000362258682887766 0.000362258682887766 -1.50941117870908E-05 -1.50941117870908E-05 0.000739611477562488 0.000739611477562488
Stock impact report

Strong fleet sales offset electric losses at Ford [Yahoo! Finance]

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: Yahoo! Finance
Profits were $1.3 billion in the first quarter, down 24 percent from the year-ago period on revenues of $42.8 billion, up 3.1 percent. The clear outperformer among Ford's three divisions was Ford Pro, which is geared towards small businesses, large companies and government customers. "All three of them are driving white hot demand for our vehicles and services right now," Chief Executive Jim Farley told analysts on a conference call. Farley said Ford Pro has many van and truck options for varying customer needs, as well as a strong service repair network. The customer in fleet is "fundamentally different than retail," said Farley. "Our retail customers .. are not doing roadworks and 5G infrastructure build out." But on the flip side, Farley described Ford's electric vehicle business as a "huge drag" due to an oversupply of vehicles that has forced Ford, Tesla and others to cut prices on EVs. The industry overbuilt in response to robust demand early on for EVs from enthusi Show less Read more
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