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Ford Motor Company (NYSE:F) just released its fourth-quarter 2017 financial results, posting earnings of $0.39 per share and revenues of $41.3 billion. Currently, Ford is a Zacks Rank #2 (Buy), and is down over 1% to $11.95 per share in after-hours trading shortly after its earnings report was released.
Ford:
Missed earnings estimates. The company posted adjusted earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.42 per share.
Beat revenue estimates. The company saw revenue figures of $41.3 billion, topping our consensus estimate of $37.22 billion.
Ford posted quarterly revenues that were up 7% year-over-year, driven in large part by greater overall wholesale volume. The company’s Q4 net income came in at $2.41 billion, after posting a quarterly loss in the year-ago period.
Ford also posted automotive cash flow of $2.3 billion for the period to close the year.
Quarterly North American wholesale volume rose by 5%, while Ford saw its volume dip in Asia—driven in part by declines in China.
For the full-year, Ford’s sales rose 3%, while net income soared 65% to reach $7.6 billion.
Here’s a graph that looks at Ford’sPrice, Consensus and EPS Surprise history:
Ford Motor Company is an American multinational automotive and mobility company. 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.
Check back later for our full analysis on Ford’s earnings report!
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