Market Overview

UPDATE: Ford Posts Weaker-Than-Expected Q1 Profit

Share:
Related F
Why The Future Of 3D Printing Is In 'Multi-Material Printing'
August Auto Sales Roundup: GM, Ford, Fiat Chrysler And More
Auto Stock Roundup: GM Leads US Auto Sales, Ford Records Maximum Improvement (Zacks)

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.

Posted-In: profitEarnings News

 

Related Articles (F)

Get Benzinga's Newsletters