Ford Motor Co.’s stock shot higher Wednesday after a quarterly earnings beat, with analysts focusing on an unsung side of the business and an above-expectations 2024 guidance, but remaining cautiously optimistic about the carmaker. Ford Pro, Ford’s F, +3.50% unit dealing with fleets and commercial customers, “continues to be the hidden gem within Ford,” UBS analyst Joseph Spak said in a note Wednesday, echoing similar sentiment from several others.Ford late Tuesday guided for earnings before interest and ta ...

Major stock indexes were moving higher in pre-market trading as investors continued to digest a slew of earnings reports and await more comments from Federal Reserve officials that could provide clues on when the central bank will cut interest rates.Shares of Ford (F) moved higher in pre-market trading after the automaker beat earnings expectations and issued a strong outlook for 2024, while Snapchat parent Snap (SNAP) plunged after a disappointing quarterly report. Disney (DIS) reports after the closing be ...

Ford will spend more on mass-market EVs, its CEO said Tuesday."The ultimate competition is going to be the affordable Tesla," Jim Farley told analysts.Elon Musk's company plans to launch its own cheaper EV, dubbed the "Model 2." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up” ...

Ford Motor Company (NYSE:F) shares rose 6% in after-hours trading as the automaker surpassed Wall Street forecasts with its quarterly revenue and announced plans for a new, smaller EV to compete with Tesla's Model 2.  In its quarterlies, Ford highlighted its $2 billion cost reduction strategy for the year and declared a special dividend. CEO Jim Farley underscored Ford's strong positioning for growth in profit, and revenue, while flagging a strategic shift towards smaller EVs and cost efficiency to compete ...

Ford Motor Company (NYSE:F) Q4 2023 Earnings Conference Call February 6, 2024 5:00 PM ET Company Participants Lynn Antipas Tyson - Head of Investor Relations Jim Farley - President and Chief Executive Officer John Lawler - Chief Financial Officer Marin Gjaja - Chief Operating Officer, Model e Kumar Galhotra - Chief Operating Officer Conference Call Participants Adam Jonas - Morgan Stanley John Murphy - Bank of America Rod Lache - Wolfe Research Dan Levy - Barclays Emmanuel Rosner - Deutsche Bank James Picar ...

Key TakeawaysFord reported adjusted earnings per share of 29 cents, more than double analysts’ expectations, and projected 2024 earnings at the higher end of forecasts.Ford also announced a special 18 cents per share dividend to be paid in the first quarter.Losses in the company's electric vehicle business continued to mount, and are expected to widen further in 2024.Ford shares rose more than 6% in after-hours trading.Ford (F) shares rose more than 6% in after-hours trading Tuesday after the company report ...

For the quarter ended December 2023, Ford Motor Company (F) reported revenue of $43.3 billion, up 3.6% over the same period last year. EPS came in at $0.29, compared to $0.51 in the year-ago quarter.The reported revenue represents a surprise of +14.08% over the Zacks Consensus Estimate of $37.96 billion. With the consensus EPS estimate being $0.12, the EPS surprise was +141.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...

Ford Motor Company (F) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 141.67%. A quarter ago, it was expected that this company would post earnings of $0.40 per share when it actually produced earnings of $0.39, delivering a surprise of -2.50%.Over the last four quarters, the company ...

A Ford Mustang Mach-E GT compact sports utility vehicle during the 2022 New York International Auto Show in New York on April 14, 2022.DETROIT — Ford Motor is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday.The Detroit automaker previously confirmed plans to delay or cut $12 billion in spending on all-electric vehicles, but the comments made Tuesday are the most detailed about Ford's changing plans for EVs, sales ...

Delivering Ford+ Q4 & Full Year 2023 Earnings 2024 North American Truck Of The Year Ford Super Duty New 2024 North American Ford Ranger 2 Contents Delivering Ford+ Page 4 -5 Q4 Results Page 6 -7 Full Year Results Page 8 -9 Ford Blue Page 10 Ford Model e Page 11 Ford Pro Page 12 Financials Page 14 - 22 2024 Guidance Page 24 - 25 Appendix Page 27 - 40 3 Safe Harbor Statement And Disclosures This presentation includes forward-looking statements. Forward- looking statements are based on expectations, forecasts, ...