Reported 28 days ago
Ford CEO Jim Farley emphasized the company's focus on cost reduction during a quarterly earnings call, after the automaker's results fell short of expectations due to warranty costs. While Ford reported a profit of 49 cents per share, slightly better than anticipated, the company revised its guidance downwards for 2024 earnings. Analysts reacted by lowering price targets for Ford stock, with concerns over inventory and competitive pricing pressures. Despite challenges, Bank of America maintained a positive outlook while Deutsche Bank remained cautious, highlighting the complex industrial dynamics Ford faces.
Source: YAHOO