Why Ford Motor Company Stock Crashed 9% After Earnings
Ford Motor(F) The Motley Fool·2024-10-30 00:53
Ford stock would look cheap -- if it just stopped losing money on EVs.Ford Motor Company (F -9.06%) stock slid 8.9% through 10:40 a.m. ET Tuesday despite beating on the both top and bottom lines in its earnings report last night.Heading into earnings, analysts forecast the automotive giant would earn $0.47 per share on $41.9 billion. In fact, Ford reported a profit of $0.49 (adjusted for one-time items), and its revenue exceeded expectations as well -- $46.2 billion.Ford stock by the numbersSo that's the go ...