Ford Stock: Buy the Dip Amidst Earnings Rout?

. Ford admitted to having quality-related issues with vehicles from 2021 and earlier, so investors should wait for further action from the company before considering buying the dip in Ford stock.

Admittedly, not all of the data points were bad. In particular, Ford’s revenue grew 6.2% year over year to $47.8 billion. Furthermore, Ford spent a whopping $4.8 billion fixing its customers’ vehicles in 2023, according to Warranty Week magazine . For context, that rate is about three times greater than the industry average vehicle-repair cost.

Farley added that these measures make the firm’s quarters “lumpy”, but that it will reduce warranty over time. However, judging by the 20% drop in stock price, the market hasn’t put much faith in the assumption that things will only get better for Ford.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Is Discover Financial a Buy Following a70% Earnings Spike?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Discover Financial Services, Capital One Financial Corporation. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
منبع: Investingcom - 🏆 450. / 53 ادامه مطلب »

How the Stock Market Has Fared Under BidenStocks Analysis by ValueWalk (Dave Kovaleski) covering: S&P 500, NASDAQ Composite. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
منبع: Investingcom - 🏆 450. / 53 ادامه مطلب »

Is This Warren Buffett Stock a Buy After Q2 Earnings Beat?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Moodys Corporation, Berkshire Hathaway B, Berkshire Hathaway Inc Class A. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
منبع: Investingcom - 🏆 450. / 53 ادامه مطلب »