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Ford Stock Hits The Brakes After Q1 Earnings, Suspends Guidance Due To 'Tariff-Related Uncertainty'

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Ford Stock Hits The Brakes After Q1 Earnings, Suspends Guidance Due To 'Tariff-Related Uncertainty'

Ford Motor Co (NYSE:F) released its first-quarter results after Monday's closing bell. Here's a look at the key figures from the report. 

The Details: Ford Motor reported quarterly earnings of 14 cents per share, which beat the analyst consensus estimate of two cents, but is down from earnings of 49 cents per share from the prior year’s quarter. Quarterly revenue came in at $37.42 billion, which beat the analyst consensus estimate of $36.2 billion and is down from revenue of $39.89 billion from the same period last year.

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For the first quarter, Ford reported:

  • Ford Pro generated $1.3 billion in EBIT with a margin of 8.6% on $15.2 billion in revenue.
  • Ford Model e reported a first-quarter EBIT loss of $849 million.
  • Ford Blue reported $96 million in EBIT, down from a year ago due to expected volume decline and adverse exchange. Segment revenue declined 3% to $21 billion.
  • Ford Credit reported first-quarter earnings before taxes (EBT) of $580 million, up significantly compared to a year ago.

“We are strengthening our underlying business with significantly better quality and our third straight quarter of year-over-year cost improvement, excluding the impact of tariffs," said Ford CEO Jim Farley.

"Ford Pro, our largest competitive advantage, is off to a strong start to the year, gaining market share in the most profitable U.S. and European customer segment,” Farley added.

Outlook: Ford suspended its financial guidance, including full-year adjusted EBIT and adjusted free cash flow, due to tariff-related uncertainty.

F Price Action: According to data from Benzinga Pro, Ford Motor stock was down 2.46% after hours at $9.92 on Monday.  

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Image: Shutterstock

 

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