Ford (F) reported second-quarter 2024 adjusted earnings per share (EPS) of 47 cents, which missed the Zacks Consensus Estimate of 64 cents and declined from 72 cents recorded in the year-ago quarter. The company’s consolidated second-quarter revenues came in at $47.8 billion, up 6.3% year over year.Segmental PerformanceIn the second quarter, total wholesale volume in the Ford Blue segment increased 3% year over year to 741,000 units and topped our expectation of 694,000 units. Also, revenues from the segmen ...

Core Viewpoint - Ford's second-quarter earnings fell short of analyst expectations, leading to a significant drop in its stock price and erasing previous gains for the year [1][2]. Financial Performance - Ford reported adjusted earnings per share of 47 cents, missing analyst projections of 68 cents [2]. - The company achieved overall revenue of $47.8 billion, representing a 6% increase year-over-year [3]. Electric Vehicle Business - Ford reported losses of $1.14 billion for its electric vehicle business for the three months ending in June, with projected losses of up to $5.5 billion for the year [4]. - The company cited an "extremely competitive price environment" as a factor contributing to these losses [4]. Market Reaction - Ford's shares fell below $12 in premarket trading, marking the worst day since October 27, when shares dropped 12% [2]. - Other automotive stocks, including Stellantis and General Motors, also experienced declines following their earnings announcements [5]. Strategic Decisions - Ford plans to invest approximately $3 billion to expand production of its F-Series trucks, while reassessing its electric vehicle business amid expected losses [6]. - The company has decided to delay the next generation of electric vehicles until they can be profitable, reflecting uncertainty in the electric vehicle market [6].

Ford Motor TodayFFord Motor$13.65 -0.18 (-1.30%) 52-Week Range$9.63▼$14.85Dividend Yield4.40%P/E Ratio14.07Price Target$14.18Add to WatchlistFord Motor NYSE: F is in the consumer discretionary sector and is the third-largest automobile company in the United States by market capitalization. The company reported Q2 2024 financial results on July 24, 2024.We will examine Ford’s annual filing to better understand its business segments. We will then examine the firm's earnings report. We will finish by providing ...

Key TakeawaysFord shares tumbled in premarket trading Thursday after the automaker reported quarterly earnings that came in below expectations and kept its full-year bottom-line outlook unchanged, as warranty costs continued to weigh on the company’s profitability.Since breaking out from a descending channel in late June, Ford shares continued trending higher for several weeks but have undergone a retracement in recent trading sessions leading into the carmaker’s quarterly results.Ford shares could attract ...

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Ford Motor Company (NYSE:F) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Lynn Antipas Tyson - Executive Director of IR Jim Farley - President and CEO John Lawler - Vice Chair and CFO Cathy O'Callaghan - CEO, Ford Credit Conference Call Participants Adam Jonas - Morgan Stanley Bruno Dossena - Wolfe Research John Murphy - Bank of America Dan Levy - Barclays Ryan Brinkman - JPMorgan Operator Good day, everyone. My name is Gary, and I will be your conference operator today. At ...

For the quarter ended June 2024, Ford Motor Company (F) reported revenue of $44.81 billion, up 5.6% over the same period last year. EPS came in at $0.47, compared to $0.72 in the year-ago quarter.The reported revenue represents a surprise of +7.97% over the Zacks Consensus Estimate of $41.5 billion. With the consensus EPS estimate being $0.64, the EPS surprise was -26.56%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☑ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from __________ to __________ Commission file number 1-3950 Ford Motor Company (Exact name of Registrant as specified in its charter) Delaware 38-0549190 (State of incorporation ...

Topic 1: Financial Performance - [Key Point 1] Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region. [1] - [Key Point 2] Net profit margin improved to 12%, up from 10% in the previous quarter. [2] - [Key Point 3] Operating expenses rose by 8%, primarily due to increased marketing and R&D investments. [3] Topic 2: Market Expansion - [Key Point 1] The company successfully entered three new markets in Europe, contributing to a 20% increase in international sales. [1] - [Key Point 2] A new distribution center was opened in South America to support regional growth. [4] - [Key Point 3] Strategic partnerships were formed with local retailers to enhance market penetration. [2] Topic 3: Product Development - [Key Point 1] Launched two new product lines, which accounted for 25% of total sales in the last quarter. [3] - [Key Point 2] R&D investment increased by 10% to accelerate innovation and product differentiation. [4] - [Key Point 3] Customer feedback on the new products has been overwhelmingly positive, with a 90% satisfaction rate. [1] Topic 4: Operational Efficiency - [Key Point 1] Implemented new supply chain management software, reducing delivery times by 15%. [2] - [Key Point 2] Streamlined manufacturing processes, resulting in a 5% reduction in production costs. [3] - [Key Point 3] Enhanced inventory management systems to minimize stockouts and overstock situations. [4] Topic 5: Sustainability Initiatives - [Key Point 1] Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources. [1] - [Key Point 2] Introduced eco-friendly packaging for all product lines, reducing plastic usage by 40%. [2] - [Key Point 3] Partnered with environmental organizations to promote sustainable practices across the supply chain. [3]

The Ford display at the New York International Auto Show on March 28, 2024.DETROIT – Ford Motor is set to report second-quarter earnings after the markets close Wednesday.The Detroit automaker's results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong as its crosstown rival General Motors, which released earnings Tuesday.Here is what Wall Street is expecting, according to average estimates compiled by LSEG:Adjusted earnings per share: 68 centsAutomotive ...