Ford Stock Declines 9% Since Q3 Results: What Should Investors Do?
Ford Motor(F) ZACKS·2024-11-06 00:40
Last week, U.S. legacy automaker Ford (F) released its third-quarter 2024 results. The company’s net income during the quarter plunged 25% to $900 million, largely due to losses in its electric vehicle (EV) business. Discouragingly, the company also cut its full-year 2024 EBIT forecast. It now expects the metric to be around $10 billion, at the lower end of the previously guided range of $10-$12 billion. Since the results, Ford shares have slid 8.8%.Stay up-to-date with the quarterly releases: See Zacks Ear ...