Ford Profits Miss Expectations, Stock Takes a Dive
January 27, 2012
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Earnings Update: Ford
Ford (F) reported Q4 earnings per share of $0.20 per share, which was below the FactSet consensus estimate of $0.26.
The disappointing results were a consequence of the company’s efforts outside of North America and rising commodity costs. Ford lost $190 million in Europe, which was significantly above the year-ago loss of $51 million
According to Reuters, Higher commodity costs, unfavorable exchange rates, and worse results in Europe, Asia, and South America hurt Ford's profit during the quarter. Ford's commodity costs were $2.3 billion for the year, up slightly from its $2.2 billion forecast.
The company reported revenues of $32.60 billion vs. consensus of $32.55 billion.
The stock last traded at $12.15, down -5% from the closing price of $12.79.
Ford Last 12 Months
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