Ford profit beats on commercial sales; EVs still dragging

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Go back to Ford profit beats on commercial sales; EVs still dragging

Ford (F) PT Raised to $13 at RBC Capital

April 25, 2024 6:41 AM EDT

RBC Capital analyst Joseph Spak raised the price target on Ford (NYSE: F) to $13.00 (from $12.00) while maintaining a Sector Perform rating.

The analyst comments "Pro remains one of the best businesses in autos. We worry if EV pricing keeps falling, Model-E losses could... More

Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up

April 24, 2024 4:29 PM EDT

(Updated - April 25, 2024 3:49 AM EDT)

Ford Motor (NYSE: F) shares rose 2.4% in after-hours trading Wednesday after the automaker reported better-than-expected earnings for the fiscal Q1 2024, while revenue missed estimates.

The company posted first-quarter earnings per share (EPS) of $0.49, which exceeded analysts' expectations of $0.42. Revenue came in at $42.8 billion, slightly below the... More