Ford Sees Full-Year 2024 Adjusted EBIT Now Expected To Be About $10B; Outlook FY Model E EBIT Loss Of About $5B
Portfolio Pulse from Benzinga Newsdesk
Ford has updated its financial outlook for the full year 2024, expecting an adjusted EBIT of approximately $10 billion. However, the company anticipates a significant EBIT loss of about $5 billion for its Model E segment.
October 28, 2024 | 8:10 pm
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Ford has revised its 2024 financial outlook, projecting an adjusted EBIT of $10 billion, but also foresees a $5 billion EBIT loss in its Model E segment.
Ford's updated financial outlook indicates a strong overall EBIT but highlights a significant loss in the Model E segment. This mixed outlook may lead to stock price volatility as investors weigh the positive overall EBIT against the substantial loss in a key segment.
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