Ford Motor Co.’s better-than-expected quarterly earnings and raised guidance posted on Thursday were overshadowed by a delay in a key milestone for its electric vehicle production, sending the stock down more than 4% on Friday.
The company’s bonds also came under pressure, as the following chart from data-as-a-service provider BondCliQ Media Services shows. So far, there has been slightly better selling on the day with decent volume for a summer Friday, as indicated by the blue line. The net flows are for all Ford bonds since 8.00 a.m. Eastern.Ford’s F quarterly profit was about three times higher than last year’s quarter and revenue rose 12% to sail past consensus estimates, as MarketWatch’s Claudia Assis reported.
The company’s EV production growth has been “disappointing,” CFRA analyst Garrett Nelson said Thursday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »