Posts Tagged ‘ford q4 earnings’

Strong Q4 Helps Ford Turn $7.6B Profit in 2017

Automaker predicts lower profits for 2018 as it launches 23 products.

by on Jan.24, 2018

Ford CEO Jim Hackett said the company has laid the groundwork for its end goal of producing nothing by smart vehicles.

Ford Motor Co. today reported Q4 net income of $2.4 billion, or 60 cents per share, on $41.3 billion in revenue and full-year results of $7.6 billion in net income on revenue of $156.8 billion.

The company’s pre-tax profit for the final quarter of 2017 was $1.7 billion, or 39 cents per share on an adjusted basis. The results were lower than Zacks and Thomson Reuters consensus estimates of 42 cents per share adjusted.

Financial News!

For the full year, the company’s pre-tax profit was $8.4 billion, or $1.78 per share. Again, that was lower than Thomson Reuters analysts’ estimate of $1.83 per share. The net income of $1.90 per share was also lower than what the automaker has predicted it would be a few weeks ago. It said it would be $1.95 per share. (more…)

Ford Earnings Hint at Loss of Momentum

Net income up but operating profit fell for the fourth quarter.

by on Jan.27, 2012

Ford CEO Alan Mulally and Chairman Bill Ford.

Ford Motor Co.’s comeback slowed in the fourth quarter as a 21% decline in core automotive business drove down operating profits at a time when the overall U.S. auto industry was showing signs of renewed strength.

For the full year, the second largest of the Detroit automakers reported a pre-tax operating profit of $8.8 billion, an increase of $463 million from a year ago, as strong performances in North America and Ford Credit offset challenges in other parts of the world, the company said.  This marks the company’s third year in a row of improving annual operating profits.

Your Inside Source!

“We delivered strong results for the full year as we continued to serve our customers around the world with best-in-class vehicles and made progress toward our mid-decade goals,” said Alan Mulally, Ford president and CEO. “Despite the continued uncertainty in the external environment, the strength of our North American and Ford Credit operations allows us to continue to invest for future growth and develop outstanding products with segment-leading quality, fuel efficiency, safety, smart design and value,” he said.

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