Ford Motor Co Q2 adjusted earnings Miss Estimates

Ford Motor Co (F) released earnings for second quarter that decreased from last year.

The company’s bottom line came in at $1.07 billion, or $0.27 per share. This compares with $2.05 billion, or $0.51 per share, in last year’s second quarter.

Excluding items, Ford Motor Co reported adjusted earnings of $1.10 billion or $0.27 per share for the period.

Analysts had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter fell 2.3% to $38.92 billion from $39.85 billion last year.

Ford Motor Co earnings at a glance:

-Earnings (Q2): $1.10 Bln. vs. $2.25 Bln. last year.
-EPS (Q2): $0.27 vs. $0.56 last year.
-Analysts Estimate: $0.31
-Revenue (Q2): $38.92 Bln vs. $39.85 Bln last year.

Full year EPS guidance: $1.30 – $1.50

by RTTNews Staff Writer

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