The coronavirus pandemic crushed Ford's Q1 earnings - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The coronavirus pandemic crushed Ford's Q1 earnings, but the company has enough cash to deal with the crisis

reported $34.3 billion in Q1 revenue and a loss of $2 billion on an un-adjusted basis.

The stock declined 5% on the results, hovering just above $5, in after-hours trading. Year-to-date, shares have declined 42%. Stone also said that Ford expects to lose $5 billion in the second-quarter, as the pandemic severely impacts the company.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ford give me the rebates and 0% for 84 and I’ll buy a new superduty tomorrow.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Cybertruck compared to Ford F-150 and Porsche 911 - Business InsiderElon Musk compares the Tesla Cybertruck to the Ford F-150 and the Porsche 911 — here's how the futuristic vehicle stacks up “The Tesla Cybertruck debuted in late 2019.” They still even haven’t got a factory to make it. Two or more years away. Talk about it when it’s actually for sale and compare it to all other competitors coming up by then (Ford F150 EV, Hummer EV, Rivian EV and many more...). i see another UFO
Source: BusinessInsider - 🏆 729. / 51 Read more »