Market Intelligence
F

Ford Motor Swings To Q4 Loss, Misses Wall Street' EPS Estimates

(RTTNews.com) - Automaker Ford Motor Co. ( F ) on Wednesday posted a loss for the fourth quarter, while its adjusted earnings also missed analysts' estimates, as losses in every global region except North America impacted the results.

Ford reported fourth-quarter net loss of $116 million or $0.03 per share, compared with last year's profit of $2.52 billion or $0.63 per share.

Excluding items, adjusted earnings for the quarter were $0.30 per share, down from $0.39 per share. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 1 percent to $41.8 billion from $41.3 billion in the same period last year. Analysts expected revenue of $37.01 billion for the quarter.

The company reported a North American profit margin of 7.6 percent on profits of $2 billion. However, the company's overall profit margin was 3.5% in the quarter due to a $780 million loss reported in Europe, China and South America.

F closed Wednesday's trading at $8.34, down $0.16 or 1.88%, on the NYSE. The stock, however, gained $0.05 or 0.60% in the after-hours trading.

Read the original article on RTTNews (http://www.rttnews.com/2972030/ford-motor-swings-to-q4-loss-misses-wall-street-eps-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

F

Other Topics

World Markets Stocks Earnings