UPDATE: Ford Posts Weaker-Than-Expected Q1 Profit
Ford Motor Co (NYSE: F) reported a drop in its first-quarter profit.
Ford's quarterly profit slipped to $989 million, or $0.24 per share, versus a year-ago profit of $1.61 billion, or $0.40 per share.
Its revenue rose to $35.9 billion versus $35.6 billion. However, analysts were projecting earnings of $0.31 per share on revenue of $34.54 billion.
Ford shares declined 2.94% to $15.84 in pre-market trading.
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