Why Ford's Stock Got Crushed After Earnings, and Why That's Not Bad
Shares of Ford Motor Company (NYSE: F) fell sharply on Thursday, after Ford reported second-quarter earnings that -- at least at first glance -- fell short of Wall Street's expectations. Ford's shares closed at $9.52 on Thursday, down 7.8% from Wednesday's closing price.
What happened? Ford reported its second-quarter earnings after the market closed on Wednesday, and it initially looked like a terrible result: Ford's net profit fell 86% from the second quarter of 2018, to just $150 million. A lot of that decline was due to one-time charges -- more on those in a moment -- but even without them, Ford's $0.28 per-share earnings fell short of Wall Street's $0.31 estimate.
Long story short: Ford "missed," and traders began selling.
Quelle Fool.com
