Your current location:HOME >business >Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline 正文
TIME:2024-04-26 01:41:20 Source: Internet compilationEdit:business
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.
Sydney Sweeney flaunts her incredible figure in a brown bikini during Hawaii getaway2024-04-26 01:34
Councilwoman chosen as new Fort Wayne mayor, its 1st Black leader, in caucus to replace late mayor2024-04-26 01:03
Mail's Sarah Vine wins her FOURTH award as Lucy Letby podcast is acclaimed at the Press Awards2024-04-26 00:57
Mexican police investigate a man as a possible serial killer2024-04-26 00:45
Mia Regan sweetly embraces Victoria Beckham as they reunite at her Mango launch event in Spain2024-04-26 00:38
Farce as Met Police apologise for threatening to arrest 'openly Jewish' man caught in pro2024-04-26 00:36
Pakistani province issues flood alert and warns of heavy loss of life due to glacial melting2024-04-25 23:52
Real Madrid hosts Barcelona eyeing decisive blow in Spanish league title race2024-04-25 23:49
2 military horses that broke free and ran loose across London are in serious condition2024-04-25 23:44
Man who set himself on fire outside Trump hush money trial dies2024-04-25 23:08
Sydney Sweeney flaunts her incredible figure in a brown bikini during Hawaii getaway2024-04-26 01:40
Maple Leafs, Jets, Oilers and Canucks carry Canada’s Stanley Cup hopes with drought now at 30 years2024-04-26 01:39
Mexican police investigate a man as a possible serial killer2024-04-26 01:04
Burnley routs Sheffield United to boost survival chances. Luton sunk by Brentford2024-04-26 00:29
Mac of the net! Football2024-04-26 00:23
Ukrainian president orders demobilization of conscripts2024-04-25 23:42
Israel gave US last2024-04-25 23:39
Chelsea beats Barcelona 12024-04-25 23:25
Atletico Madrid battles Athletic Bilbao for 4th place in Spain and last Champions League berth2024-04-25 23:24
Ruud reaches his fourth final of the year in Barcelona2024-04-25 23:22