The company will be publishing first-quarter results today after the closing bell, amid expectations for a dip in earnings to $0.51 per share from $0.85 per share last year. Analysts are looking for Q1 revenues of $22.15 billion.
In the fourth quarter, revenues increased 3% year-over-year to $25.17 billion. The company produced a total of 494,989 vehicles during the three months and delivered 484,507 units. Earnings, excluding one-off items, dropped to $0.71 per share in the December quarter from $1.19 per share a year earlier. Unadjusted net income came in at $7.93 billion or $2.27 per share in Q4, compared to $3.69 billion or $1.07 per share in the corresponding period of 2022.