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Ford Motor delivers upbeat guidance as Q4 results top estimates

Investing.com -- Ford Motor reported Tuesday fourth-quarter results that topped Wall Street expectations and delivered better-than-expected annual guidance.  

Ford Motor Company (NYSE:F) shares gained 6% following the report in afterhours trading.

The automotive company reported adjusted earnings per share of $0.29 on revenue of $46.00 billion. Analysts polled by Investing.com anticipated EPS of $0.12 on revenue of $43.04B.

Looking ahead, the company guided full-year 2024 adjusted earnings before interest and taxes, or EBIT, of $10B to $12B, adjusted free-cash flow of $6B to $7B and "flat to modestly higher full-year U.S. industry volume, with overall lower vehicle pricing." Analysts anticipated EBIT of $9.56B.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.