Fords 2017 profit misses Wall Street estimates
Fords 2017 profit misses Wall Street estimates
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.)
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