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

📆 29.04.2020 4:37:00
📰 BusinessInsider

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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.

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

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