Ford Shares Down After Hours on Earnings Miss and Weak Forecast

Truck and auto maker comes in light on earnings, sees challenging year ahead.
By Tom Bemis ,

Shares of Ford Motor Co. (F) - Get Report fell in after-hours trading Wednesday after the truck and auto maker missed analyst profit estimates for the second quarter and offered a downbeat full-year forecast.

The stock lost 68 cents, or 6.6%, to $9.65 in after-hours action.

Ford reported earnings per share of 28 cents, after accounting for one-time items. Analysts surveyed by FactSet were expecting the company to make 31 cents a share.

Revenue for the quarter was $38.9 billion vs. expectations of $38.5 billion.

For the year-earlier period the company posted earnings of 27 cents a share on sales of $38.9 billion.

The company forecast full-year adjusted EPS of $1.20 to $1.35 vs. $1.30 last year.

Ford said the guidance is "based on the current economic environment, including the status of commodities, foreign exchange and tariffs."

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