Springfield, MO

Log in Subscribe

Ford's profits drop, but beat expectations

Posted online

Though Ford's profits were down in the first quarter, they beat analysts' expectations.

The company made $1.1 billion on $40.3 billion in revenue. Earnings per share were 29 cents, above the 27 cents analysts were looking for.

Global restructuring efforts were largely to blame for the drop in profits, said Chief Financial Officer Bob Shanks.

Read more from The Detroit News.


No comments on this story |
Please log in to add your comment
Editors' Pick
Influencer marketing increasing in popularity

The Harvard Business Review finds more than 75% of brands have a dedicated budget for influencer marketing, and a study from social media resource Influencer Marketing Hub said the industry is expected to grow $21.1 billion this year.

Most Read Poll
Do you plan to make a charitable donation by year's end?


View results

Update cookies preferences