Shares of Ford (NYSE: F) are getting hit early Friday following mixed fourth-quarter results. The company posted a miss on the bottom-line as several sectors showed weakness in the period.

Revenue for the Dearborn, MI-based automaker increased 6.5 percent from $32.5 billion during the same quarter last year to $34.6 billion, topping views calling for revs of $32.35 billion.

Net income, ahead of taxes and special items, dropped 15 percent to $1.10 billion. Earnings were 20 cents per share, which was a 33 percent drop from last year, and 5 cents shy of consensus estimates.

Based on 2011 profits, Ford distributed $3,750 per UAW employee in December 2011, with an additional $2,450 per employee planned for March distribution.

Fourth-quarter total vehicle wholesales increased slightly to 1.4 million units. North America unit sales increased 78,000 to 693,000.

Notably, Ford's operations in Europe produced a wider operating loss of $190 million, down from $51 million in the year-ago quarter. Asia Pacific ops saw a loss loss of about $83 million, versus $23 million in profit last year.

Incentive hurt Ford Credit numbers, with operating profit moving from $572 million to $506 million last quarter.

Looking ahead, Ford sees U.S. industry sales volumes up 13.5 million to 14.5 million units, and Europe up 14 million to 15 million. The company expects its full year market share in the U.S. and Europe to be about equal to 2011.

Ford's market share in 2011 was 16.5 percent in the U.S. and 8.3 percent in Europe.

Ford shares are down more than 4 percent early Friday.

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