Ford is set to report earnings after the bell. Here's what Wall Street expects

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

In addition to financial results, investors will be watching for progress in CEO Jim Farley’s “Ford+” restructuring plan and any changes to…

The Detroit automaker is expected to report adjusted earnings per share of 42 cents and automotive revenue of $40.10 billion.Those results would mark a 2.6% increase in revenue compared to a year earlier and a 32.9% decline in adjusted earnings per share. Ford'sincluded $39.09 billion in revenue; net income of $1.8 billion, or 44 cents per share; and adjusted earnings before interest and taxes of $3.38 billion.

"While we do like Ford relative to suppliers, we also continue to prefer GM relative to ," UBS analyst Joseph Spak said in an investor note earlier this month. Ford has faced years of inflated warranty costs, including $1.9 billion in 2023, which have affected its earnings. The company last year said it has a $7 billion to $8 billion annual disadvantage compared to traditional rivals due to production costs, quality issues and other operational inefficiencies.

Investors will be watching for improvements in those areas as well as progress in CEO Jim Farley's"Ford+" restructuring plan, which was first announced in 2021, and any

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 524. in BR

Brasil Últimas Notícias, Brasil Manchetes