Why Ford Stock Is Down Today
Shares of Ford Motor Company (NYSE: F) were lower in early-afternoon trading on Friday after the company reported fourth-quarter earnings that fell short of Wall Street estimates. As of 12:30 p.m. ET, Ford's shares were down about 10.7% from Thursday's closing price.
Ford reported its fourth-quarter results after the U.S. markets closed on Thursday, and they were hit and miss -- at least from Wall Street's perspective. While revenue of $37.7 billion came in above the Street's estimate, the more critical number -- adjusted earnings per share -- fell short: $0.26 per share, versus the consensus estimate of $0.45.
Traders didn't like that, of course. But Ford also had some good news to share. Among the highlights:
Source Fool.com
