| (USD) | Dec 2022 | Q/Q |
|---|---|---|
| Revenue | 44B | +12% |
| Gross Profit | 6.2B | - |
| Cost Of Revenue | 37.8B | +10% |
| Operating Income | 1.6B | - |
| Operating Expenses | 4.6B | - |
| Net Income | 1.3B | -235% |
| G&A | 2.5B | -11% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Ford announced better-than-expected first-quarter earnings even as revenue came in below predictions late Wednesday. The company also revised aspects of its 2024 outlook as its expects continued losses from its EV segment.
Ford Motor strong earnings weren’t enough to help shares on a down day for markets. Wall Street was happy with the quarter though—especially the results turned in by Ford Pro, the auto giant’s commercial business. Wall Street currently projects about $10.7 billion and Ford’s 2023 operating profit amounted to about $10.4 billion.
Meta Platforms tumbles after a disappointing outlook, IBM slumps after revenue misses analysts’ estimates, and Bristol Myers cuts its full-year profit forecast. Microsoft and Alphabet fall ahead of their earnings reports after the close of trading Thursday.
Ford’s electric vehicle unit reported that losses soared in the first quarter to $1.3 billion, or $132,000 for each of the 10,000 vehicles it sold in the first three months of the year, helping to drag down earnings for the company overall.
In the 1970s and early 1980s, a common quip was that the letters spelling Ford, the automotive brand, stood for “fix or repair daily.” Such was the challenge facing Donald E. Petersen as he rose to become president of Ford Motor in 1980 and chief executive five years later. Pounded by competition from Japan and a weak economy, Ford lost billions in the early 1980s but then surged back into the black and outperformed General Motors and Chrysler in the second half of the decade.
Ford (F) reported its first-quarter earnings after the bell on Wednesday afternoon, beating estimates with $42.8 billion in revenue against an expected $40.04 billion. The automaker also reported commercial revenue jump 36% but saw EV sales decline. Yahoo Finance Reporter Pras Subramanian joins The Morning Brief to break down the numbers from Ford and what it means for investors moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morni...
Ford Q1 Beat Driven by Pro Volume Growth, Lower Model E Losses, BofA Says
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