Categories AlphaGraphs, Earnings, Industrials
Earnings: Ford Motor Company Q1 2024 adjusted profit falls; revenue up 3%
Ford Motor Company (NYSE: F) reported a modest increase in sales for the first quarter of 2024. Meanwhile, adjusted earnings of the car maker declined by double digits.
March quarter revenue increased 3% year-over-year to $42.8 billion. The top line benefitted from strong growth in the Ford Pro division. Adjusted earnings declined 22% from last year to $0.49 per share during the three months.
On an unadjusted basis, the company reported a net income of $1.33 billion, or $0.33 per share for Q1, compared to $1.8 billion, or $0.44 per share in, the corresponding quarter of 2023.
“Customers want vehicles that they’re passionate about, choices in how they’re powered, quality that’s constantly getting better, and great value. With Ford+, we’re increasingly giving them all those things in ways that others don’t and creating a company that will lead for the long haul,” said Ford’s CEO Jim Farley.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
