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.
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.