Ford Says 'Outlooks for full-year EBIT are up for Ford Pro, to $9.0 billion to $10.0 billion, on further growth and favorable product mix, and down for Ford Blue, to $6.0 billion to $6.5 billion, reflecting higher warranty costs than originally planned.'
Portfolio Pulse from Benzinga Newsdesk
Ford has updated its full-year EBIT outlook, raising expectations for Ford Pro to $9.0 billion to $10.0 billion due to growth and favorable product mix, while lowering expectations for Ford Blue to $6.0 billion to $6.5 billion due to higher than planned warranty costs.
July 24, 2024 | 8:12 pm
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Ford has revised its full-year EBIT outlook, increasing projections for Ford Pro to $9.0 billion to $10.0 billion due to growth and favorable product mix, while decreasing projections for Ford Blue to $6.0 billion to $6.5 billion due to higher warranty costs.
The increase in EBIT outlook for Ford Pro is positive, driven by growth and favorable product mix. However, the decrease in EBIT outlook for Ford Blue due to higher warranty costs offsets this positive impact, leading to a neutral short-term impact on Ford's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100