Categories AlphaGraphs, Earnings, Industrials
Infographic: Highlights of Ford Motor’s Q1 2023 earnings report
Auto giant Ford Motor Company (NYSE: F) on Tuesday reported higher adjusted earnings and net sales for the first quarter of 2023.
First-quarter revenues rose 20% annually to $41.5 billion, aided by double-digit growth in the core Ford Blue segment. The company reported earnings of $0.63 per share, on an adjusted basis, up from last year’s profit of $0.38 per share.
On a reported basis, net income was $1.8 billion or $0.44 per $hare, compared to a loss of $3.1 billion or $0.78 per share in the first quarter of fiscal 2022.
“Ford Pro is leading the way on profitable growth, our big investments in iconic Ford Blue vehicles and derivatives are winning with customers, and Ford Model e’s different approach to EVs is significantly reducing costs on our first high volume products while rapidly developing breakthrough next-generation vehicles from the ground up,” said Ford’s CEO Jim Farley.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Infographic: Highlights of Halliburton’s (HAL) Q1 2024 earnings results
Energy giant Halliburton Company (NYSE: HAL) Tuesday announced financial results for the first quarter of 2024, reporting lower earnings and a modest increase in revenues. First-quarter revenue edged up 2%
UPS Earnings: United Parcel Service Q1 2024 revenue and earnings fall
United Parcel Service, Inc. (NYSE: UPS) Tuesday reported lower revenues and adjusted profit for the first quarter of 2024. The company reaffirmed its full-year 2024 guidance. On an adjusted basis,
Key highlights from Philip Morris’ (PM) Q1 2024 earnings results
Philip Morris International Inc. (NYSE: PM) reported first quarter 2024 earnings results today. Net revenues increased 9.7% year-over-year to $8.8 billion. Organic revenue growth was 11%. Net earnings attributable to
