Ford has missed Q4 2022 earnings estimates, including failing to reach its own Q4 2022 revenue estimates by as much as $1.1B.

 

Ford has missed Q4 2022 earnings estimates, including failing to reach its own Q4 2022 revenue estimates by as much as $1.1B.

 The automaker blamed execution issues as the main reason for the considerable miss.


  • Ford saw 51 cents in adjusted earnings per share, compared to the 62 cents Wall Street estimated.
  • Its Q4 2022 earnings stand at $10.4B, representing little to no growth compared to the same period in 2021.
  • The U.S. automaker outperformed in revenue, however, seeing $41.8B in revenue compared to the $40.37B estimated.
  • Investors expected that the company would report similar figures to General Motors, as the latter blew past Wall Street expectations, earning $2.12  in adjusted earnings per share vs. the $1.69 expected.
  • Ford shares (NYSE: F) were down by 6.42% in after-hours trading.

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