Summary
Ford Motor Misses
Ford Motor (F) reported 2nd Quarter June 2018 earnings of $0.27 per share on revenue of $38.9 billion. The consensus earnings estimate was $0.31 per share on revenue of $37.0 billion. The Earnings Whisper number was $0.37 per share. Revenue fell 2.3% compared to the same quarter a year ago.
The company said in its earnings presentation it now expects 2018 earnings of $1.30 to $1.50 per share. The company's previous guidance was earnings of $1.45 to $1.70 per share and the current consensus earnings estimate is $1.52 per share for the year ending December 31, 2018.
Ford Motor Co is engaged in automobile manufacturing business. It produces cars and trucks. Its business is divided into two segments: Automotive and Financial Services.
Results
Reported Earnings
$0.27
Earnings Whisper
$0.37
Consensus Estimate
$0.31
Reported Revenue
$38.92 Bil
Revenue Estimate
$37.01 Bil
Growth
Earnings Growth
Revenue Growth
Earnings Release
Ford Delivers Second Quarter $1.1B Net Income, $1.7B Adj. EBIT; North America Building Momentum; Restructuring Opportunities Identified Globally
DEARBORN, Mich.--(BUSINESS WIRE)-- Ford Motor Company (NYSE:F) today reported its 2018 second quarter financial results. Click here or visit media.ford.com to view the news release and visit shareholder.ford.com to view the slide presentation and access the webcast to Ford’s earnings call, which begins at 5:30 p.m. EDT with Jim Hackett, president and CEO, Bob Shanks, executive vice president and CFO, and members of Ford’s senior management team.
This press release features multimedia. View the full release here:https://www.businesswire.com/news/home/20180725005805/en/
About Ford Motor Company
Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Ford employs approximately 202,000 people worldwide. For more information regarding Ford, its products and Ford Motor Credit Company, please visit www.corporate.ford.com.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180725005805/en/
Ford Motor Company
Media:
Brad Carroll
313.390.5565
bcarro37@ford.com
or
Equity Investment Community:
Sabrina McKee
313.845.4601
smckee13@ford.com
or
Fixed Income Investment Community:
Karen Rocoff
313.621.0965
krocoff@ford.com
or
Shareholder Inquiries:
1.800.555.5259 or 313.845.8540
stockinf@ford.com
Source: Ford Motor Company
