close

News WrapGet Handpicked Stories from our editors directly to your mailbox

Ford's 2017 profit misses Wall Street estimates

Updated: Wed, Jan 17, 2018
04:20 am
Reuters
RELATED NEWS
FM Sitharaman asks G-20 to take steps to revive growth, create reforms FM Sitharaman asks G-20 to take steps to revive growth, create reforms
India is world's fastest-growing economy, but this time there is a tie with China, says IMF India is world's fastest-growing economy, but this time there is a tie with China, says IMF

Ford Motor Co on Tuesday reported 2017 preliminary adjusted earnings that missed market estimates, while its 2018 earnings forecast largely fell short of analysts` expectations.

The automaker`s shares fell more than 2 percent in extended trading.

For full-year 2017, the company said its adjusted earnings would be $1.78 per share, below analysts estimate of $1.83, according to Thomson Reuters I/B/E/S.

For 2018, Ford expects adjusted earnings of $1.45 to $1.70 per share. Analysts on average expected earnings of $1.62.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)