From CNBC:

Ford Motor reported earnings after the bell, with 29 cents per share adjusted vs 14 cents per share adjusted expected by LSEG, and $43.2 billion automotive revenue vs $40.12 billion expected. This marks a 73.4% decrease in adjusted earnings per share compared to a year earlier and a 3.9% decline in automotive revenue.

Analysts expect Ford’s 2024 guidance to be flat to slightly lower compared to 2023. Analysts forecast Ford’s guidance to be roughly between $9 billion and $11 billion, and in November, Ford forecast 2023 adjusted EBIT of $10 billion to $10.5 billion.

Ford is expected to face challenges this year including lower vehicle prices, warranty costs, and continued losses for all-electric vehicles. However, the company is expected to see success in its Ford Pro fleet unit and traditional Ford Blue internal combustion engine business.



Read more: Ford (F) Q4 2023 earnings