Ford Reports Q1 Earnings Beat but Shares Fall Due to EV Losses
Ford Motor Company reported Q1 earnings and revenue that exceeded expectations, but shares fell over 3% as concerns about ongoing losses in its electric vehicle division overshadowed the results. The company's EV unit, Ford Model e, posted a wider-than-expected EBIT loss of $777 million.
Tickers: $F
Topics: Cash Flow Earnings Electric Vehicles Guidance Revenue Stock Performance