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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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

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:

 /  🏆 729. 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.

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.
Källa: CNBC - 🏆 12. / 72 Läs mer »