What's Going On With Ford Shares?
Portfolio Pulse from Henry Khederian
Ford Motor Co (NYSE:F) shares are trading lower by 1.79% to $10.99 and have dropped 21% over the last five sessions after reporting a second-quarter EPS miss. The company reported an EPS of 47 cents, missing the Street consensus of 68 cents. The Ford Model e segment reported a substantial operating loss of $1.14 billion due to industrywide pricing pressure and lower wholesales.
July 29, 2024 | 4:57 pm
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Ford's shares have declined by 1.79% to $10.99 and are down 21% over the last five sessions following a significant EPS miss in Q2. The Ford Model e segment reported a $1.14 billion operating loss due to pricing pressure and lower wholesales.
The significant EPS miss and the substantial operating loss in the Ford Model e segment have shaken investor confidence, leading to a sell-off. The focus on the EV segment's underperformance is particularly concerning given the industry's shift towards electric vehicles.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100