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Technology

Ford to report earnings after the bell. Here is what Wall Street expects

Written by finanster
on January 24, 2018
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Ford is expected to turn in financial results for the fourth quarter and full year of 2017 late Wednesday.

Here’s what Wall Street expects:
  • EPS: 42 cents, according to Thomson Reuters
  • Revenue: $36.99 billion, according to Thomson Reuters

In mid-January, Ford warned its earnings would be below Wall Street estimates.

The second largest U.S. automaker is spending aggressively as it tries to transition from only making cars to selling a wide variety of transportation and mobility services and products. Ford has said it is relying on sales of high-margin trucks, crossovers, and SUVs to fund the development of new technologies, such as autonomous vehicles and electrified powertrains.

Among other things, Ford plans to invest up to $11 billion in electrified vehicles by 2022, the company said in mid-January.

Ford also made several investments in mobility tech throughout 2017. It announced in 2017 it will invest $1 billion in autonomous technology company Argo AI over the next five years. The company also said in October it would invest in Silicon Valley startup Autonomic, which Ford plans to use to make a software platform for delivering transportation services.

This is breaking news. Please check back for updates.

Source: Tech CNBC
Ford to report earnings after the bell. Here is what Wall Street expects

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