Current location:International Iterations news portal > world
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
International Iterations news portal2024-04-26 03:23:29【world】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://www.videocameralive.com/tag/optics/
Very good!(97721)
Related articles
- Pakistan wins toss, elects to field against NZ in 4th T20
- Miami Heat fans are SLAMMED by Kendrick Perkins for leaving 'too many' empty seats for crucial play
- Joy Corrigan poses for playful shoot for new line of Alo athletic wear and shares behind
- Pasquantino, Melendez homer as Royals win 9
- EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi
- Enough of the Swift scourge! MAUREEN CALLAHAN slams Taylor as a money
- Marcia Clark
- Soar, slide, splash? It’s skiers’ choice as spring’s wacky pond skimming tradition returns
- Years after National Enquirer's Trump deal, the tabloid is limping badly
- Mainland urges Taiwan to publish truth of fatal boat incident
Popular articles
- FTC sends $5.6 million in refunds to Ring customers as part of video privacy settlement
- Letter from China: Exploring the hustle and bustle of south China's border ports
- Teyana Taylor, 33, breaks her silence on those rumours she is romancing her co
- Senate passes reauthorization of key US surveillance program
Recommended
Xander Bogaerts has season
Feature: China's rural poor find new horizons in infrastructure development
Grassroots lawmaker uses technology to empower eco
China strives to refuel economy with green hydrogen energy
Technical glitch temporarily closed southern Norway airspace, causing delays at Oslo airport
Music legend reveals they are working on tell
Alec Bohm hits a pair of 3
Mexican families searching for missing relatives unite to draw attention to their plight
Links
- Xi Congratulates Felix Tshisekedi on Reelection as DR Congo's President
- Several Iranian airports cancel flights until Monday
- At least 9 killed, 20 injured in road accident in Brazil
- Xinhua Commentary: Who is posing a dire threat to the global economy?
- Palestinian death toll in Gaza rises to 33,729: ministry
- Beijing bolsters mediation efforts, seeks lasting peace
- China's new factory data evidence of good momentum in its economy: FM spokesperson
- Insights丨 Literature works bridge for communications between China and Brazil: Brazilian professor
- Trains on east route of China
- Ecuador's former vice president taken to hospital after arrest