Ford: Q1 EPS well above expectations
(CercleFinance.com) - 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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.