Ford (F) earnings Q1 2021

Ford CEO Jim Farley takes off his masks on the Ford Constructed for America occasion at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Photographs DETROIT – Ford Motor beats Wall Avenue’s expectations for the primary quarter. Here is how Ford did in contrast with what Wall Avenue


Ford CEO Jim Farley takes off his masks on the Ford Constructed for America occasion at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan.

Nic Antaya | Getty Photographs

DETROIT – Ford Motor beats Wall Avenue’s expectations for the primary quarter.

Here is how Ford did in contrast with what Wall Avenue anticipated primarily based on common estimates compiled by Refinitiv.

  • Adjusted earnings: 89 cents versus an anticipated 21 cents
  • Automotive income: $33.55 billion versus $32.23 billion

Ford beforehand mentioned it anticipated the elements drawback might decrease its earnings by $1 billion to $2.5 billion in 2021. With out releasing any new steering, the corporate final month mentioned it “will present an replace on the monetary affect of the semiconductor scarcity” when it reviews its first-quarter earnings.

On a extra constructive be aware, the decrease inventories and lack of manufacturing have led to larger earnings per automobile for automakers.

Wall Avenue is also waiting for any extra enterprise modifications by Ford CEO Jim Farley, who changed Jim Hackett efficient Oct. 1, and any updates on the corporate’s electrical automobile plans.

Ford introduced Tuesday that it’ll  “finally” manufacture its personal batteries and battery cells. Nevertheless, the corporate declined to debate a timeline to take action. In November, Farley mentioned Ford was “completely” curious about following Tesla and Common Motors in producing its personal batteries for electrical automobiles within the U.S.

Shares of Ford are up practically 90% since Farley turned CEO, together with greater than 40% in 2021. The corporate’s market cap is greater than $48 billion.

That is breaking information. Please test again for updates.



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