"Business Wire" declare : Ford Delivers First Quarter Revenue of $39.1B; $1.6B Net Income; $2.2B Adjusted Pre-Tax Profit
About Ford Motor CompanyFord Motor Company is a global automotive and mobility company based in Dearborn, Michigan. For more information regarding Ford, its products worldwide or Ford Motor Credit Company, visit www.corporate.ford.com. DEARBORN, Mich.--(BUSINESS WIRE)--Ford Motor Company (NYSE:F) today reported its 2017 first quarter financial results. At the same time, Ford is aggressively pursuing emerging opportunities through Ford Smart Mobility, the company's plan to be a leader in connectivity, mobility, autonomous vehicles, the customer experience, and data and analytics. For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
as mentioned in "If Ford doesn't do it, Silicon Valley will," said Whiston, who rates Ford the equivalent of a buy. While first-quarter adjusted profit fell 42 percent as Ford wagered on battery-powered and autonomous autos, earnings were better than the automaker telegraphed a month ago. In Europe pretax profit was $176 million compared with $434 million a year earlier, in part due to the weaker pound following Brexit. Putting aside its investments for the future, Ford will cut expenses by about $3 billion this year. "Tesla is just all about the long-term potential of the company," David Whiston, an analyst with Morningstar Inc. in Chicago, said by phone ahead of Ford's earnings release.
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collected by :Jack Luxor
as mentioned in "If Ford doesn't do it, Silicon Valley will," said Whiston, who rates Ford the equivalent of a buy. While first-quarter adjusted profit fell 42 percent as Ford wagered on battery-powered and autonomous autos, earnings were better than the automaker telegraphed a month ago. In Europe pretax profit was $176 million compared with $434 million a year earlier, in part due to the weaker pound following Brexit. Putting aside its investments for the future, Ford will cut expenses by about $3 billion this year. "Tesla is just all about the long-term potential of the company," David Whiston, an analyst with Morningstar Inc. in Chicago, said by phone ahead of Ford's earnings release.
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Ford Quarterly Profit Slips on Higher Costs, Lower Vehicle Sales
The automaker also reported a $176 million pretax profit in Europe and $124 million in its Asia Pacific region. Ford Motor Co. (Dearborn, MI) said its first-quarter profit declined on higher costs and lower vehicle sales. The European profit was down $258 million from the first quarter of 2016 and the Asia Pacific profit was down $96 million. Regional BreakdownFord's first-quarter pretax profit in North America totaled $2 billion, down $1.1 billion from a year earlier. The automaker's quarterly profit totaled $1.59 billion, or 40 cents a share, down from $2.45 billion, or 61 cents, a year earlier.read more visit us profit
collected by :Jack Luxor
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