Pomerantz LLP is investigating claims on behalf of investors of Ford Motor Company ("Ford" or the "Company") F. Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Ford and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On July 24, 2024, Ford issued a press release announcing its second quarter 2024 results, including non-GAAP EPS of $0.47, missing consensus estimates by $0.21, and revenue of $44.81 billion, missing consensus estimates by $70 million. In explaining these disappointing results, the Company cited increased warranty costs and losses associated with its electric vehicle division.
On this news, Ford's stock price fell $2.51 per share, or 18.36%, to close at $11.16 per share on July 25, 2024.
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