Current location:International Iterations news portal > opinions
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
International Iterations news portal2024-04-26 05:29:32【opinions】1People 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://www.videocameralive.com/sony-srg-120dh-hdmi-1080p-hd-remote-ptz-camera-live-video-streaming-broadcast-2/
Very good!(58)
Related articles
- Mac of the net! Football
- Finding an apartment may be easier for California pet owners under new legislation
- Flyers at migrant camp show how the border is inflaming US politics
- More human remains believed those of missing woman wash up on beach
- Columbia's president, no stranger to complex challenges, walks tightrope on student protests
- More people are evacuated after the dramatic eruption of an Indonesian volcano
- Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flare
- Olympic sports bodies criticize track and field's move to pay $50,000 for Paris gold medalists
- A US citizen facing drug charges in Russia appears in court. His case was adjourned until mid
- Flames beat NHL
Popular articles
- French Open to reveal second retractable roof court at Roland Garros ahead of Olympics
- Chinese Grand Prix could deliver drama to F1 and slow Verstappen's victory march
- Olympic sports bodies criticize track and field's move to pay $50,000 for Paris gold medalists
- Police warn King Charles that his planned 2,000
Recommended
Belarus claims it prevented drone attacks from Lithuania. Vilnius rejects the allegations
UN envoy urges unified government to lead Libya to elections
Firefighters to tackle scaffolding dangling outside ruins of fire
Japanese doctors demand damages from Google over "groundless" reviews
Seattle Kraken move games to over
Key ally of Pakistan's prime minister demands end to ban on social media platform X
12 students and teacher killed at Columbine to be remembered at 25th anniversary vigil
India election 2024: Hindu nationalism is mainstream thanks to 10 years of PM Modi
Links
- China urges US to put ties back on track
- Egyptian FM urges restraint after Iranian attack on Israel
- China's Yutong electric buses debut in Malta
- Firm career path enables Kenyan man to find feet in society
- Chile to recall ambassador from Venezuela for consultations
- Boat found adrift with over 10 bodies in northern Brazil
- Comicomment: NATO at 75, what's next?
- Xi Meets Antigua and Barbuda's Prime Minister
- Several Iranian airports cancel flights until Monday
- Waiting for the collapse of the 'China collapse' prediction