News Formal

Ford's bonds join the stock in coming under pressure after company shifts EV production goal

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Ford's bonds are showing more selling than buying in decent volume for a summer Friday.

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

5 things to know before the stock market opens FridayHere are the most important news items that investors need to start their trading day.
Källa: CNBC - 🏆 12. / 72 Läs mer »