Ford: misses estimates in Q4
(CercleFinance.com) - On Wednesday evening Ford reported Q4 2019 earnings of 2.
4 billion dollars, against a loss of 0.8 billion dollars a year ago, with adjusted EPS that is up 30% at 39 cents, albeit four cents short of the consensus.
Ford is having to face a sharp rise in its production costs, which is largely due to rising raw material costs - mainly metals - which cannot be passed on to end customers, Aurel BGC underlined.
The Dearborn (Michigan) based group saw its automotive operating margin fall by two points to 3.7% for revenues that are up 7% at 41.3 billion dollars, thanks to an increase in the volume of deliveries to around 1.75 million vehicles.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4 billion dollars, against a loss of 0.8 billion dollars a year ago, with adjusted EPS that is up 30% at 39 cents, albeit four cents short of the consensus.
Ford is having to face a sharp rise in its production costs, which is largely due to rising raw material costs - mainly metals - which cannot be passed on to end customers, Aurel BGC underlined.
The Dearborn (Michigan) based group saw its automotive operating margin fall by two points to 3.7% for revenues that are up 7% at 41.3 billion dollars, thanks to an increase in the volume of deliveries to around 1.75 million vehicles.
Copyright (c) 2018 CercleFinance.com. All rights reserved.