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Ford: Q1 EPS well above expectations

( - On Thursday evening Ford reported Q1 2019 EPS of 29 cents, which was down a third - although adjusted EPS inched up to 44 cents, 18 cents above the consensus.

The car maker's adjusted operating margin improved 0.9 point to 6.1%, for revenues that are down 4% at 40.3 billion dollars, in particular due to the halt to the Focus car in North America and the launch of the brand new Explorer.

“With a solid plan in place, we promised 2019 would be a year of action and execution for Ford, and that's what we delivered in the first quarter,” said Jim Hackett, Ford president and CEO.

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