Earnings

Ford Motor (F) earnings Q1 2023

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DETROIT — Ford Motor on Tuesday reported first-quarter results that significantly topped Wall Street’s estimates, as the automaker’s fleet and legacy operations outweighed growing losses in electric vehicles.

Despite the significant beat, Ford maintained its previously announced 2023 guidance, and the stock ticked lower in extended trading.

Ford finance chief John Lawler said the quarter was a “peek at what’s possible to generate value and growth.” His comments come months after CEO Jim Farley said the company failed to capitalize on $2 billion in additional profits last year due to “execution issues.”

Here’s how Ford did during the quarter, compared with what Wall Street expected based…



Source cnbc.com

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