Current location:International Issue news portal > travel
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
International Issue news portal2024-04-26 02:01:03【travel】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.olivelawfirm.net/tag/t-bone-accident-whos-at-fault/
Very good!(13)
Related articles
- F2 champion Theo Pourchaire gets another IndyCar race with McLaren as Malukas continues to heal
- America's 'most disappointing' tourist attraction is getting a $550M makeover
- Mideast countries disappointed by U.S. veto on Palestinian bid for full UN membership
- Former senior policy advisor to Obama White House charged with child sex offences in British court
- Woman, 43, accused of murdering her disabled mother
- Polish voters choose mayors in hundreds of cities in runoff election
- Polish voters choose mayors in hundreds of cities in runoff election
- Iran's supreme leader acknowledges it hit little in Israel attack
- Revealed: The 5 popular brands responsible for the most plastic pollution in the world
- Paintsil sparks Galaxy to 4
Popular articles
Recommended
Turkish rail officials jailed for more than 108 years for crash that left 25 dead
Sir Keir's patriotism problem: One
Global exhibitors seek opportunities at consumer expo in Hainan
Glimpses of Beijing through windows and doorways
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
Australian woman appears in court charged with poisoning husband and his relatives with mushrooms
Global exhibitors seek opportunities at consumer expo in Hainan
China's top political advisory body starts annual session
Links
- Ranger lets nature work
- First batch of cross
- Xi Focus: China's Leadership Holds Symposium for Soliciting Advice on Economic Work
- Comicomment: Five Eyes alliance is the largest global intelligence agency
- Expansion project of Boeing's first joint venture in China begins operation
- Hong Kong greets 1.3 mln visits during Spring Festival holiday
- Times gone in a snap
- China's AG600M firefighting aircraft completes cold
- Ethnic harmonies
- Xi Pledges to Work with Milei for Sound Development of China