Ford shares tumble 13% after massive earnings miss
Publishing timestamp: 2024-07-24 16:00:01
Summary
Ford Motor fell short of Wall Street's Q2 earnings expectations due to warranty costs, but beat on revenue. The automaker increased its free cash flow target but maintained its 2024 earnings guidance, disappointing some investors. CEO Jim Farley said the Ford+ restructuring plan is on track to make the company more profitable.
Sentiment: MIXED
Keywords: business, breaking news: markets, autos, business news, markets, breaking news: earnings, transportation, earnings, dividends, ford motor co, detroit, general motors co,
Source: https://www.cnbc.com/2024/07/24/ford-motor-f-earnings-q2-2024.html