The Dearborn, MI-based automaker reported Q4 EPS of $0.30, which was $0.02 worse than the Wall Street consensus estimate of $0.32. Revenues rose 2.1% from last year to $38.7 billion, however, easily beating analysts’ $34.89 billion view.
As mentioned previously, Ford expects 2017 earnings and revenue to be “generally lower” than 2016, as it continues to invest in emerging opportunities it believes will drive growth further down the line. Ford also sees North America operating margin and profit to be strong this year, albeit still lower than 2016, hurt by an unfavorable product volume and mix.
The company commented via press release:
“We achieved a solid 2016 net income of $4.6 billion, as well as an adjusted pre-tax company profit of $10.4 billion, which was our second best ever — building on the all-time record we had set the year before. This underscores the substantial progress we are making in expanding our business to be an auto and a mobility company. This year, we’re focused on building on our strengths, transforming underperforming parts of our business and investing in the emerging opportunities that will provide even more profitable growth in the future.”
Ford Motor Company shares rose $0.02 (+0.16%) in premarket trading Thursday. Year-to-date, F has gained 7.14%, versus a 2.70% rise in the benchmark S&P 500 index during the same period.
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