Ford: Why I Don't Advise To Buy The Dip
FFord Motor(F) Seeking Alpha·2024-07-30 17:41
Vera Tikhonova Ford (NYSE:F) stock dropped as much as 20%, the worst drop in over 15 years, after the company released results for the June quarter. While Ford's revenue was higher than expected, its profitability and free cash flow were below consensus estimates, largely due to increased warranty costs and higher manufacturing expenses. ​Overall, Ford missed consensus estimates on EBIT by around 25%, which has opened up a big disappointment of the company's performance vs. expectations, and as a conseq ...