Ford's Q2 earnings expected to be down, but focused on hybrids and adjusting to EV shift.

From NBC Universal: 2024-07-24 12:16:12

Ford is set to report second-quarter earnings, expected to be down from last year. Wall Street anticipates adjusted earnings per share of 68 cents and automotive revenue of $44.02 billion, a 3.8% increase from the previous year. Ford’s stock is up 15% this year, focusing more on hybrids than all-electric vehicles.

In contrast to General Motors’ strong recent earnings, Ford is expected to show a 5.2% decline in adjusted earnings per share. However, it plans to achieve adjusted EBIT of $10 billion to $12 billion and free cash flow of $6.5 billion to $7.5 billion for the year. The industry shift to electric vehicles prompts Ford to adjust its product plans accordingly.



Read more at NBC Universal:: Ford Motor (F) earnings Q2 2024