Categories Earnings, Industrials

A visual dashboard of Ford Motor’s (F) Q1 2020 earnings results

Ford Motor (NYSE: F) reported an adjusted loss of 23 cents per share for the first quarter of 2020. Revenue dropped to $34 billion from $40.3 billion in the first quarter of 2019. On a GAAP basis, net loss was $2 billion or $0.50 per share. Revenue dropped to $34 billion from $40.3 billion in the first quarter of 2019. Adjusted loss before interest and taxes stood at $632 million. Ford stock, which ended up 4.26% at $5.39 today, dropped about 3% during the after-market session.

Ford (F) Q1 2020 Earnings Infograph

Ford expects second-quarter adjusted EBIT to be a loss of more than $5 billion, as year-over-year industry volumes decline significantly in every region. It’s worth noting that Ford withdrew its 2020 guidance given in the month of February.

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Undeterred by crisis, Bank of America stays in expansion mode

Leading Wall Street banks recorded robust earnings in the early months of fiscal 2021 with the results benefiting from the release of credit loss reserves, in most cases. Taking advantage

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