Current location:World Wave news portal > style
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
World Wave news portal2024-05-21 12:04:43【style】9People have gathered around
IntroductionDETROIT (AP) — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company’s c
DETROIT (AP) — Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company’s combustion engine vehicle unit saw revenue and sales decline.
The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year earlier.
Excluding one-time items, Ford made 49 cents per share, enough to beat analyst estimates of 43 cents, according to FactSet.
Revenue for the quarter was up 3.2% to $42.78 billion, but that fell short of Wall Street estimates of $42.93 billion.
Ford Blue, the combustion engine unit, made $905 million before taxes, down $1.7 billion from a year ago. Revenue was down 13%. The company blamed the declines on lower inventories and selection of F-150 pickups due to updating factories for a new model.
Chief Financial Officer John Lawler told reporters Wednesday that Ford will recover sales volume and selection later in the year, positioning the company for strong earnings.
Address of this article:http://ukraine.downmusic.org/html-35e399638.html
Very good!(949)
Related articles
- US overdose deaths dropped in 2023, the first time since 2018
- China Records 130 Mln Passenger Trips in Spring Festival Holiday
- Pema Tseden's posthumous film 'Snow Leopard' shines with spiritual depth
- Volunteers for Beijing Olympics Attend Training Session to Develop Skills
- Student fatally shot, suspect detained at Georgia's Kennesaw State University
- NW China's Xinjiang Receives over 190 Mln Tourists in 2021
- Pupils Enjoy Their Winter Vacation Across China
- Remote Daliang Mountain in SW China Sees Departure of First Bullet Train
- Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
- Winter Sports Take Root in Dual
Popular articles
Recommended
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
China Stuns Defending Champion Sweden in Olympic Women's Team Curling
Maternity Leave Extended in 25 Chinese Provinces: Official
Volunteers for Beijing Olympics Attend Training Session to Develop Skills
French sports minister calls for sanctions after Monaco player tapes over anti
Mainland Medical Experts Arrive in Hong Kong in Fighting COVID
Railway Workers Prepare for Spring Festival Travel Rush
Primary and Secondary Schools Start New Semester Across China
Links
- External power supply project of Chizhou
- Werder Bremen accuses Naby Keita of walking out on the team for Leverkusen game
- Liverpool loses 1
- Sheep breeding cooperatives boost incomes of Xizang herders
- Hannah Elizabeth puts on a VERY busty display in a white tweed co
- Emergency authorities discourage ‘one
- Basketball games boost rural development, foster sports culture
- Prefab houses for quake
- Chinese cyberspace regulator cracks down on illegal online activities
- China trains high