Your current location:HOME >politics >Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline 正文
TIME:2024-04-26 06:06:24 Source: Internet compilationEdit:politics
DETROIT (AP) — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company’s c
DETROIT (AP) — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline.
The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year earlier.
Excluding one-time items, Ford made 49 cents per share, enough to beat analyst estimates of 43 cents, according to FactSet.
Revenue for the quarter was up 3.2% to $42.78 billion, but that fell short of Wall Street estimates of $42.93 billion.
Ford Blue, the combustion engine unit, made $905 million before taxes, down $1.7 billion from a year ago. Revenue was down 13%. The company blamed the declines on lower inventories and selection of F-150 pickups due to updating factories for a new model.
Chief Financial Officer John Lawler told reporters Wednesday that Ford will recover sales volume and selection later in the year, positioning the company for strong earnings.
Tenerife official tells Brits looking for all2024-04-26 06:04
April 12, 20242024-04-26 05:52
Builders hope Resource Management Act change will speed up papakāinga developments2024-04-26 05:49
Climate activist Greta Thunberg detained twice at demonstration in The Hague2024-04-26 05:23
Alice Evans admits she 'didn't react well' when her 'life was uprooted' by acrimonious split from ex2024-04-26 04:44
Ministers announce advisory group for fast2024-04-26 04:43
Baltimore bridge collapses after being struck by ship, six presumed dead2024-04-26 03:50
Israeli military reduces troops in southern Gaza, spokesperson says2024-04-26 03:40
Venice launches pilot program to charge entry fee to day2024-04-26 03:35
Dealing with fast spreading pest hits new milestone for Otago Regional Council2024-04-26 03:29
Rolling Stones set to play New Orleans Jazz Fest 20242024-04-26 04:53
Officials advise softer is better when it comes to boot camps2024-04-26 04:28
Israel to open three humanitarian routes into Gaza2024-04-26 04:27
Watch live: Millions across North America await total solar eclipse2024-04-26 04:23
Labour refuses to commit to matching Rishi Sunak's defence spending pledge of 2.5% of GDP by 20302024-04-26 04:10
Hong Kong arts charity cancels deaf dance group performance2024-04-26 04:01
Indigenous deaths in custody haunt Australia2024-04-26 03:32
Students petition Parliament to keep free school lunches funding2024-04-26 03:29
China's cultural tourism embraces immersive2024-04-26 03:26
Wellington workforce reeling from public service job cuts2024-04-26 03:21