Thread regarding Ford layoffs

I wish I haven’t heard any of this

Ford reported that Q2 EPS came in at 47 cents, down 35% compared to a year ago. Meanwhile, quarterly revenue increased 6% to $47.8 billion. Ahead of earnings, analyst consensus had Ford earnings of 68 cents per share and sales totaling $47.79 billion, according to FactSet.

The company also announced its 2024 adjusted EBIT view of $10 billion-$12 billion is unchanged while raising its adjusted free cash flow outlook by $1 billion to between $7.5 billion and $8.5 billion.

Meanwhile Ford also continues to anticipate a full-year loss of $5 billion-$5.5 billion for its EV segment.

Ford stock plunged 13% after the market closed Wednesday, after falling 1.3% to 13.65 during regular market action.

https://www.investors.com/news/ford-earnings-fall-ford-stock-plunges/

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| 952 views | | 3 replies (last July 25, 2024) | Reply
Post ID: @OP+1tFBJWFE

3 replies (most recent on top)

But stock on the dip...I did and it is working out

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Post ID: @1wod+1tFBJWFE

Share buybacks can accelerate EPS growth. Too bad stock mismanaged B shares. Company publicly stated extra cash flow being pushed to dividend. Across town knows how to maximize shareholder value.

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Post ID: @uux+1tFBJWFE

Get ready for layoffs coming soon. Ford will have to cut cost to please the shareholders. Layoffs and buyouts are 2 options. Can't build or make more trucks. US auto market is slowing down for second half of the year. Ford is a few years late to the hybrid game. The Asian automakers are selling hybrids like hot cakes and they can build good quality vehicles at a lower price.

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Post ID: @cus+1tFBJWFE

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