( ) -q-16- UNDATED (Correspondent Jeremy House) “stock sell off.” Ford Motor’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs. [CutID: <Cuts> FORD-INCOME-house-q-THUam.mp3 Time: 16s Title: FORD-INCOME-house-q-THUam Out-cue: stock sell off] TAG: Correspondent Jeremy House reporting. Ford reported […]
Audio
Ford’s stock plunges after Q2 profits take a hit
( ) -q-16- UNDATED (Correspondent Jeremy House) “stock sell off.”
Ford Motor’s second-quarter net income fell 4.7% from a year ago as the company’s combustion engine unit saw pretax profits decline due to stubbornly high warranty costs.
[CutID: <Cuts> FORD-INCOME-house-q-THUam.mp3
Time: 16s
Title: FORD-INCOME-house-q-THUam
Out-cue: stock sell off]
TAG: Correspondent Jeremy House reporting. Ford reported $47.8 billion in revenue for the quarter, a 6.3% increase over the $44.95 billion in the second quarter of 2023.
————————
VERBATIM: The Dearborn, Michigan, automaker says it made $1.83 billion from April through June. Excluding one-time items, Ford made 47 cents per share, far below analysts’ estimates of 68 cents. The profit drop caused a stock sell off.