Ford Motor (F) Misses Q1 EPS by 11c, Revenue Beats

Ford Motor (NYSE: F) reported Q1 EPS of ($0.23), $0.11 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $34.3 billion versus the consensus estimate of $32.54 billion.

Outlook

In March, the company withdrew guidance for 2020 financial performance it had given in early February. That outlook excluded possible implications of the coronavirus, which at the time had not yet reached pandemic stage.

According to Stone, today’s economic environment remains too ambiguous to provide full-year 2020 financial guidance. He said the company expects second-quarter adjusted EBIT to be a loss of more than $5 billion, as year-over-year industry volumes decline significantly in every region.

Ford’s actual results could differ materially from guidance due to risks, uncertainties and other factors, including those detailed in the company’s Cautionary Note on Forward Looking Statements.

The company plans to report second-quarter 2020 financial results on July 30.

For earnings history and earnings-related data on Ford Motor (F) click here.

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