Ford Motor (NYSE:F)
Gráfico Histórico do Ativo
De Dez 2019 até Jun 2020
By Mike Colias
Ford Motor Co. said fourth-quarter operating income sank by two-thirds, and it issued a lower-than-expected profit outlook for 2020, the latest signs of trouble for Chief Executive Jim Hackett's turnaround plan.
Ford said operating income for the October-to-December period was $485 million, down from $1.5 billion a year earlier. Earnings per share adjusted for one-time items were 12 cents, well short of analysts' estimate of 17 cents a share.
Ford pinned the shortfall in part on lower production volumes in North America stemming from problems with launches of key models, including the redesigned Explorer and Escape sport-utility vehicles and its Super Duty pickup truck. It also cited higher warranty costs and a bonus payout to United Auto Workers that totaled about $600 million.
Ford booked a net loss of about $1.7 billion for the quarter which it attributed to losses from higher contributions to its pension plans overseas. Revenue fell 5%, to $39.7 billion.
The auto maker forecast earnings per share this year in the range of 94 cents to $1.20, lower than the average estimate of $1.30, according to S&P Global Market Intelligence.
Write to Mike Colias at Mike.Colias@wsj.com
(END) Dow Jones Newswires
February 04, 2020 16:31 ET (21:31 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.