Ford (F) earnings top estimates in Q1 amid strength in Pro unit; stock up
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Ford (F) PT Raised to $13 at RBC Capital
April 25, 2024 6:41 AM EDTRBC 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 profit beats on commercial sales; EVs still dragging
April 24, 2024 4:12 PM EDTBy Nora Eckert
(Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street's expectations, bolstered by a strong performance in its commercial vehicle division and an increase in its hybrid vehicle sales.
The company said it expects to achieve the higher end of its projected annual guidance of $10 billion to $12 billion in earnings before interest and taxes. Ford shares rose more than 3% in after-market trading on the news.
Still, Ford is grappling with what CEO Jim Farley called "a huge drag not just on Ford, but on our whole industry": electric vehicle production.
... MoreFord Motor (F) Tops Q1 EPS by 7c
April 24, 2024 4:08 PM EDTFord Motor (NYSE: F) reported Q1 EPS of $0.49, $0.07 better than the analyst estimate of $0.42. Revenue for the quarter came in at $42.8 billion versus the consensus estimate of $42.94 billion.
Full-Year 2024 Outlook
Lawler, the CFO, said that Fords full-year adjusted EBIT guidance range is... More
