What's Going On With Ford Shares
Portfolio Pulse from Henry Khederian
Ford Motor Co's shares fell by 3.97% following its Q2 earnings report. The company reported a 12% YoY increase in revenue to $45.0 billion, surpassing the consensus estimate of $40.38 billion. Earnings per share were 72 cents, also beating the consensus estimate of 55 cents. Ford's Model E business reported a 44% YoY increase in units for Q2, with a projected run-rate of 600,000 units in 2024.
July 28, 2023 | 2:33 pm
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NEGATIVE IMPACT
Ford's shares fell despite better-than-expected Q2 earnings and revenue. The company's Model E business is growing, which could positively impact future earnings.
Ford's shares fell despite reporting better-than-expected Q2 earnings and revenue, which typically would boost a company's stock price. However, the company's Model E business is showing strong growth, which could positively impact future earnings and potentially the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100