Current location:International Iterations news portal > travel
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
International Iterations news portal2024-04-26 06:15:31【travel】2People 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/2019/11/05/
Very good!(9)
Related articles
- London's Cavalry chaos: Moment
- Man charged with hate crime for vandalizing Islamic center at Rutgers, prosecutors say
- People enjoy outdoor activities as spring flowers bloom across China
- Man charged with hate crime for vandalizing Islamic center at Rutgers, prosecutors say
- F2 champion Theo Pourchaire gets another IndyCar race with McLaren as Malukas continues to heal
- 'Catch
- Facing pressure from rights groups, World Bank suspends funding for Tanzania tourism project
- Massive flooding hits China's Guangdong
- Not every WNBA draft pick will make her team's roster. Here's why
- Fish farm develops into tourist hotspot in exploration of modern aquaculture
Popular articles
Recommended
Flooding in Tanzania has killed 155 people as heavy rains continue in Eastern Africa
Ecuador violence: Ecuadorians approve referendum measures to toughen fight against gangs
Lady Amelia Windsor wows in lace slip dress as she attends Earth Day dinner in London
Haiti health system nears collapse as medicine dwindles, gangs attack hospitals and ports stay shut
Flooding in Tanzania has killed 155 people as heavy rains continue in Eastern Africa
Confucius Institute library opens doors to Chinese culture for Tanzanian students
The Crown: Fact or Fiction
Streamlined logistics allow landlocked regions to expand global reach
Links
- Company Law draft revision to bolster confidence
- Greece hands over Olympic Flame to Beijing 2022 organizers
- China's outbound tourism thrives during Chinese New Year holidays
- Saudi Arabia stuns Argentina in World Cup Group C
- Trusting the process
- Xi Arrives in South Africa for 15th BRICS Summit, State Visit
- Daihatsu suspends vehicle shipment over safety scandal
- Team China makes flying start at Sudirman Cup
- Xi Says Chinese Modernization to Bring New Opportunities to China
- Highlights of WTT Cup Finals