Ford Motor Company F shares are trading lower by 7.26% to $13.28 Friday morning after the company reported worse-than-expected fourth-quarter adjusted EPS results.
What Happened?
Ford reported fourth-quarter revenue of $44 billion, which beat average analyst estimates of $40.37 billion. The Detroit-based automaker reported quarterly adjusted earnings of 51 cents per share, which missed consensus estimates of 62 cents per share.
Operating cash flow totaled $1.2 billion in the quarter. Adjusted free cash flow came in at $2.4 billion.
Ford also declared a first-quarter dividend of 15 cents per share, plus a supplemental dividend of 65 cents per share...Read More
According to data from Benzinga Pro, Ford Motor Company has a 52-week high of $18.63 and a 52-week low of $10.61.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
