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Ford Slid Over 5% in Premarket Trading though It showed a Bullish 2022 Outlook

Tiger Newspress2022-02-04

Ford slid over 5% in premarket trading though it showed a bullish 2022 outlook.

 

It earned $12.3 billion, or $3.03 a share, in the fourth quarter, swinging from a loss of $2.8 billion, or 70 cents a share, in the year-ago quarter. Adjusted for one-time items, Ford said it earned 26 cents a share.

Ford sales rose 5% to $37.7 billion. Analysts polled by FactSet expected the auto maker to report adjusted earnings of 45 cents a share on sales of $41.2 billion.

Chief Financial Officer John Lawler said during a call with reporters that Ford expects 2022 earnings before interest and taxes to grow by 15% to 25%, outpacing the predicted 10-15% increase in vehicle production. Ford should hit an 8% pretax profit margin this year, a year ahead of schedule, he said.

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Comment30

  • KL123
    ·2022-02-06
    Good 
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    • KL123
      Ues
      2022-02-06
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  • mac0racle
    ·2022-02-05
    Just a bump in the EV roadmap.
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  • InvisibleP
    ·2022-02-05
    Why
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  • KCKHOO
    ·2022-02-04
    Ok
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  • TeikLeong
    ·2022-02-04
    Like
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  • boonk
    ·2022-02-04
    Ticker F for fall. 
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  • Handoko
    ·2022-02-04
    👍🏻
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  • Vandaluus
    ·2022-02-04
    Buy on expectations, sell on confirmation.
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  • Chris_CHRIS
    ·2022-02-04
    Like pls 
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  • 超群yibo
    ·2022-02-04
    Buy on dip
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  • BossBoss
    ·2022-02-04
    Like please 🙏 
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  • PEPESZ
    ·2022-02-04
    [Strong] [Strong] [Strong] 
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  • Annjoyyy
    ·2022-02-04
    Like
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  • 小金钱袋
    ·2022-02-04
    Like
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  • Sena11
    ·2022-02-04
    Like pls
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  • yl2021
    ·2022-02-04
    Like pls
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  • antonoho87
    ·2022-02-04
    Ok
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  • Singman
    ·2022-02-04
    pls like
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  • leslielimsh
    ·2022-02-04
    Like my post
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  • aaffsmcjje
    ·2022-02-04
    Goo to BTFD! 
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