News Formal

Ford beats on first-quarter earnings, stock surges

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Ford posted lower profit for the first quarter but beat analyst estimates as pickup truck sales remained strong in its core US market.

Once again, a strong pickup and SUV market in the US powered Ford's results.Ford on Thursday posted lower profit for the first quarter but beat analysts' estimates as pickup truck sales remained strong in its core US market.

The No. 2 American automaker posted a quarterly net profit of $1.15 billion, or 29 cents per share, down 34 percent from $1.74 billion, or 43 cents per share, a year earlier. Excluding one-time items, Ford earned 44 cents per share, above analysts' average estimate of 27 cents, according to IBES data from Refinitiv.Get the latest Ford stock price

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
 

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

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.

Ford jumps 8% on strong first-quarter earningsThe quarterly numbers come amid Ford's $11 billion restructuring plan, with an aim to slash costs by $14 billion over the next five years.
Source: CNBC - 🏆 12. / 72 Read more »