Ford published its fourth quarter earnings and reported a loss of $116 million.
But the news that caught everyone’s attention is that the company reported a 28% y-o-y drop in its operating income, excluding the pension charge and other one-time items, both for the quarter and for the year. After the drop, operating profit for the quarter stood at $1.5 billion and $7 billion for the year.
On a per share basis, Ford earned $0.30 in the fourth quarter and $1.30 for the full year, both down from the previous year.
Even though Ford sold more high-end vehicles in the fourth quarter than it did in the same quarter of 2017, expensive key commodities, rising costs associated with the on-going Takata airbag recall, and losses at Ford's Chinese joint ventures overruled the achievements.
Analysts believe that key reason for Ford’s fourth quarter loss is its whopping one-time charge of $1.179 billion that left it with hefty on-paper losses.
Segment-wise, in North America, Ford earned $2 billion in the fourth quarter, and for the full year, it earned $7.6 billion, down from $8.1 billion in 2017. In South America, Ford lost $199 million in the fourth quarter, and for the full year, Ford lost $678 million, an improvement of $75 million from 2017. In Europe, Ford lost $199 million in the fourth quarter, with a full year loss of $398 million. In the Middle East and Africa, Ford lost $49 million in the fourth quarter with full year losses up to $7 million. In Asia Pacific, Ford lost $381 million in the fourth quarter, with a $534 million loss in China.
F saw its Momentum Indicator move below the 0 level on September 05, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned negative. In of the 83 cases, the stock moved further down in the following days. The odds of a decline are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of automobiles and trucks
Industry MotorVehicles