Click here to listen to previous episodes.
About Chen Lin
Author "What is Chen Buying? What is Chen Selling?" Chen grew $5,400 to $2.3 million in 10 years. Learn More
Ford’s Q4 Profit Misses, Banking On Investments To Pay Off Later
From StockNews.com: Ford Motor Company (NYSE:F) early Thursday posted mixed fourth quarter earnings results, as it continues to heavily invest in future growth initiatives including self-driving cars.
The Dearborn, MI-based automaker reported Q4 EPS of $0.30, which was $0.02 worse than the Wall Street consensus estimate of $0.32. Revenues rose 2.1% from last year to $38.7 billion, however, easily beating analysts’ $34.89 billion view.
As mentioned previously, Ford expects 2017 earnings and revenue to be “generally lower” than 2016, as it continues to invest in emerging opportunities it believes will drive growth further down the line. Ford also sees North America operating margin and profit to be strong this year, albeit still lower than 2016, hurt by an unfavorable product volume and mix.
The company commented via press release:
“We achieved a solid 2016 net income of $4.6 billion, as well as an adjusted pre-tax company profit of $10.4 billion, which was our second best ever — building on the all-time record we had set the year before. This underscores the substantial progress we are making in expanding our business to be an auto and a mobility company. This year, we’re focused on building on our strengths, transforming underperforming parts of our business and investing in the emerging opportunities that will provide even more profitable growth in the future.”
Ford Motor Company shares rose $0.02 (+0.16%) in premarket trading Thursday. Year-to-date, F has gained 7.14%, versus a 2.70% rise in the benchmark S&P 500 index during the same period.
F currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #3 of 24 stocks in the Auto & Vehicle Manufacturers category.
This article is brought to you courtesy of StockNews.com.
You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)
Powered by WPeMatico