Breaking News

Ford Motor (F) Earning Q4 2024


The Ford exhibition area is shown at the Detroit 2025 car fair in the Huntington Place in Detroit, Michigan, January 10, 2025.

Bill Pugliano | Getty Images

Detroit – Ford engine He should have reported his earnings in the fourth quarter after the bell on Wednesday.

Here’s what Wall Street expects, according to the average estimates compiled by LSEG:

  • Earnings per share: 33 cents adjusted
  • Automobile Revenue: $ 43.02 billion

These results would indicate a revenue drop of 0.5% compared to the same period a year earlier and an increase in adapted earnings per share of 13.8%.

Fords 2024. Fourth quarter A $ 43.2 billion was included with car income, a net loss of $ 526 million or $ 13 per share, and adapted to earnings before interest and tax of $ 1.05 billion, or 29 cents per share.

A car manufacturer in Detroit under pressure is to perform after a crossstown rival General Motors He easily exceeded the expectations in the fourth quarter of the Wall Street and said that his guidelines were in accordance with the expectations of analysts or above.

Ford was weakened last year by expectations, mainly due to an unexpected guarantee and recall of the problem that bothers the company’s earnings. The car manufacturer’s shares decreased almost 20% in 2024 in the middle of the problem, which the Ford Director Jim Farley promised to correct.

Shares iconShares icon

Detroit “Big 3” car stocks

“” I’m really excited about this year because Ford’s chance, like in ’07 and ’08, is to take our future into his own hands and do financially as we should, “Farley told reporters last month.” That’s all in ours team. “

Ford will also probably look for 10% additional tariff o slave from China, like Lincoln Nautilus car manufacturerwill affect work as well as Potential tariffs from 25% on the goods of Canada and Mexico.

Farley said last month that Ford’s operations in China were approximately earning $ 600 million last year Despite the challenging market conditions. This included exports from China to other countries.

Despite the GM’s earnings last week beat the expectations of the car manufacturer’s shares have had One of its worst days in the years After partially announced the results due to failure to resolve the concern of investors due to potential tariffs.

This is news. Please check updates.

Don’t miss these insights with CNBC Pro



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Social Media Auto Publish Powered By : XYZScripts.com