Ford and 4 Major Earnings Reports Shedding Light on the True Economic Picture
Ford Motor Co. (NYSE:F) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income decreased -88.25% to $1.6 billion (31 cents per diluted share) in the quarter versus a net gain of $13.62 billion in the year-earlier quarter. Revenue rose 5.56% to $36.5 billion from the year-earlier quarter.
Ford Motor Co. reported adjusted net income of 31 cents per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $32.94 billion.