While the top- and bottom-line numbers for Ford Motor (F) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ford Motor Company (F) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.29 per share a year ago.
Ford CEO Jim Farley warns that with Trump's tariffs we could see "billions of billions of dollars of pressure on the [auto] industry, lost jobs, lots of impacts to communities"
Ford CEO Jim Farley discusses the expected drop in vehicle prices, the potential impact of President Donald Trump's tariffs and the automaker's electric vehicle plans on "Bloomberg The Close." Ford said earnings before interest and taxes will fall to a range of $7 billion and $8.5 billion, down from the $10.2 billion profit it generated in 2024.
Jim Farley, Ford CEO, joins 'Closing Bell: Overtime' to discuss Ford earnings, impact of Mexico and Canada's tariffs and cost reduction plans.
CNBC's Phil LeBeau joins 'Closing Bell: Overtime' to report on Ford's earnings report.
Ford Motor Company (NYSE:F) reported fourth-quarter earnings that surpassed Wall Street expectations on Tuesday, but its electric vehicle (EV) division posted a steep loss and the automaker warned of increasing challenges ahead. The company posted earnings per share of $0.39, exceeding analysts' estimates of $0.32, while revenue came in at $48.2 billion, ahead of the $42.8 billion forecast.
Car maker raises alarm with a light guidance for the year, saying profits will be marred by “headwinds related to market factors.”
Ford Motor on Wednesday projected up to $5.5 billion in losses on its electric vehicle and software operations this year, a loss similar to last year and a sign of the severe difficulties in cutting costs on battery-powered models.
The move to put 10% additional tariffs on imports from China will impact a small number of U.S. vehicles, but increased costs of auto parts could impact already heightened car prices. The largest impact on actual vehicles will be on Ford Motor's Lincoln Nautilus and General Motors' Buick Envision.
Ford Motor is set to report fourth-quarter results after markets close Wednesday. Wall Street analysts expect adjusted earnings per share of 33 cents and revenue of $43.02 billion.
Ford Motor Company F will release its fourth-quarter financial results, after the closing bell, on Wednesday, Feb. 5, 2025.