Categories AlphaGraphs, Earnings, Industrials
Earnings: Ford Motor Company Q2 2024 adj. profit falls; revenue up 6%
Ford Motor Company (NYSE: F) reported a modest increase in sales for the second quarter of 2024. Meanwhile, adjusted earnings of the car maker declined sharply.
June quarter revenue increased 6% year-over-year to $47.8 billion. The top line benefitted from strong growth in the Ford Blue and Ford Pro divisions. Adjusted earnings declined 35% from last year to $0.47 per share during the three months.
On an unadjusted basis, the company reported a net income of $1.8 billion, or $0.46 per share for Q2, compared to $1.9 billion, or $0.47 per share in, the corresponding quarter of 2023.
“Transparency and accountability from having separate teams focused on the needs of different customers are leading to better decisions and greater value for everyone,” 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
What to look for when Halliburton Company (HAL) reports Q4 2024 results?
Halliburton Company (NYSE: HAL) is expected to report fourth-quarter results on Wednesday, January 22, at 6:45 am ET. The oilfield service provider is currently recovering from a rough patch, marked
McCormick (MKC) is set to report Q4 2024 earnings results next week, a few points to note
Shares of McCormick & Company, Incorporated (NYSE: MKC) rose over 1% on Thursday. The stock has gained 12% in the past 12 months. The company is scheduled to report its fourth quarter
PNC Financial Q4 2024 profit more than doubles; revenue up 4%
The PNC Financial Services Group, Inc. (NYSE: PNC) reported a sharp increase in profit for the fourth quarter of 2024. Revenues grew by 4%. Net income attributable to common shareholders