Ford stock volatile as company withdraws guidance due to potential $1.5B tariff impact

From Yahoo Finance: 2025-05-06 10:01:00

Ford reported better-than-expected first quarter results but withdrew full-year guidance due to potential impacts of Trump’s auto tariffs. The company anticipates a $1.5 billion adverse impact on adjusted EBIT for 2025. Ford’s revenue for the quarter was $40.7 billion, with adjusted earnings per share of $0.14. Ford also divided its business into three units: Ford Blue, Model e, and Ford Pro. Despite concerns over tariffs, Ford saw sales gains in Q1 and offered employee pricing on vehicles, leading to a 19% jump in retail sales in April. Wall Street reactions to Ford’s report were mixed. 1. The stock market reached new highs today, with the S&P 500 closing at a record 4,500 points. This surge was driven by strong earnings reports from major tech companies and positive economic data. Investors are optimistic about the market’s outlook for the remainder of the year.

2. COVID-19 cases continue to rise in several states, with the Delta variant causing a spike in infections. Health officials are urging people to get vaccinated and practice safety measures to slow the spread of the virus. Hospitals are reporting increased admissions, putting strain on healthcare systems.

3. In international news, tensions are escalating between Russia and Ukraine as military exercises are conducted near the border. The United States and European allies are monitoring the situation closely and calling for a peaceful resolution to the conflict. The potential for further aggression has raised concerns among world leaders.



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