Ford Motor Company (NYSE: F) reported revenues of $44 billion for the fourth quarter of 2022, which was up 17% year-over-year.
Net income was $1.3 billion, or $0.32 per share, compared to $12.3 billion, or $3.03 per share, last year. Adjusted EPS was $0.51.
Adjusted EBIT was $2.6 billion in Q4 2022. For FY2023, the company expects adjusted EBIT of $9-11 billion.
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Shares of Hormel Foods Corporation (NYSE: HRL) were down over 1% on Monday. The stock has dropped 29% year-to-date. The food company is set to report its fourth quarter 2023 earnings
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