Ford earnings sink on weak China and overseas sales

The company confirmed its full-year profit target of US$1.30 to US$1.50 per share, but backed away from its operating margin target of 8% by 2020.

Ford Motor’s third quarter net income dived 37% to US$991 million compared to a year ago, due to weak sales in China and Europe.

The company confirmed its full-year profit target of US$1.30 to US$1.50 per share, but backed away from its operating margin target of 8% by 2020.

Earnings per share for the third quarter were adjusted to 29 US cents, slightly higher than analysts’ forecast of 28 US cents.

Ford saw stellar results in North America, helped by sales of trucks and sport-utility vehicles. But the firm bled a US$378 million loss in China for the third quarter, compared to a US$102 million profit from a year ago.

Overall, revenue was up by around 3%, to US$37.6 billion.

Ford’s chief financial officer Bob Shanks said the tariff-related costs and an unexpected erosion of results in Europe and China had made the company back away from its 2020 margin report. The firm will continue to work on the goal, Mr Shank added, but did not set a new timeline target.

Sales in China are likely to slow down even more in the next few months and for 2019, Mr Shanks said. He noted that the company is prepared for lower demand from the region and has been trimming vehicle production.

Meanwhile, the business’s Europe segment saw losses accelerate to US$245 million from a decline of US$53 million a year ago, due to weaker results in Russia and Turkey and higher forex fees.

Ford’s shares rose as much as 7% in after-hours trading above the closing price of US$8.18 on Wednesday.

Denne informasjonen har blitt forberedt av IG Europe GmbH og IG Markets Ltd (begge IG). I tillegg til disclaimeren nedenfor, inneholder ikke denne siden oversikt over kurser, eller tilbud om, eller oppfordring til, en transaksjon i noe finansielt instrument. IG påtar seg intet ansvar for handlinger basert på disse kommentarene og for eventuelle konsekvenser som et resultat av dette. Ingen garanti gis for nøyaktigheten eller fullstendigheten av denne informasjonen. Personer som handler ut i fra denne informasjonen gjør det på egen risiko. Forskning gitt her tar ikke hensyn til spesifikke investeringsmål, finansiell situasjon og behov som angår den enkelte person som mottar dette. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser, så derfor er denne informasjonen ansett å være markedsføringsmateriale. Selv om vi ikke er hindret i å handle i forkant av våre anbefalinger, ønsker vi ikke å dra nytte av dem før de blir levert til våre kunder. Se fullstendig disclaimer og kvartalsvis oppsummering.

Finn artikler av analytikere

  • Aaran Fronda
    London
  • Alastair McCaig
    London
  • Angela Teng
    Singapore
  • Anzél Killian
    Johannesburg
  • Becca Cattlin
    London
  • Callum Cliffe
    London
  • Chris Beauchamp
    London
  • Chris Weston
    Melbourne
  • Daniel Dubrovsky
    San Francisco
  • James Stanley
    New York City
  • Jeremy Naylor
    London
  • Jingyi Pan
    Singapore
  • Joshua Mahony
    London
  • Joshua Warner
    London
  • Justin McQueen
    London
  • Kyle Rodda
    Australia
  • Markedsrapporten
    Norway
  • Martin Essex
    London
  • Michael Boutros
    New York City
  • Monte Safieddine
    Dubai
  • Nick Cawley
    London
  • Nyandabeh Ella Vincent
    Chicago
  • Paul Robinson
    New York
  • Rich Dvorak
    Chicago
  • Shane Walton
    Australia
  • Shaun Murison
    Johannesburg
  • Ted Jackson
    Chicago
  • Travis Robson
    Johannesburg
  • Victoria Scholar
    London
  • Will Hall-Smith
    London
window.$CQ = window.jQuery; window.IG = window.IG || {}; window.IG.cq = window.IG.cq || {};

CFDer er komplekse instrumenter som innebærer stor risiko for raske tap på grunn av giring. 75 % av alle ikke-profesjonelle kunder taper penger på CFDer hos denne leverandøren. Du burde tenke etter om du forstår hvordan CFDer fungerer og om du har råd til den høye risikoen for å tape penger. Profesjonelle kunder kan tape mer enn sitt opprinnelige innskudd. Opsjoner og turbowarranter er komplekse finansielle instrument og du risikerer kapitalen din. CFDer er komplekse instrumenter som innebærer stor risiko for raske tap på grunn av giring.

{"@context":"http://schema.org","@type":"NewsArticle","mainEntityOfPage":"https://www.ig.com/no/nyheter-og-trading-ideer/aksjer-nyheter/ford-earnings-sink-on-weak-china-and-overseas-sales-181025","headline":"Ford earnings sink on weak China and overseas sales","image":{"@type":"ImageObject","url":"https://a.c-dn.net/c/content/igcom/no_NO/ig-financial-markets/market-news-and-analysis/shares/2018/10/25/ford-earnings-sink-on-weak-china-and-overseas-sales/jcr:content/textimage/image.img.jpg/1540446078923.jpg","height":230,"width":320},"publisher":{"@type":"Organization","name":"IG","logo":{"@type":"ImageObject","url":"https://a.c-dn.net/c/etc/designs/onedomain/images/IG-60x60.png","height":60,"width":60}},"datePublished":"2018-10-25T04:14:00+0100","dateModified":"2018-10-25T04:14:00+0100","author":{"@type":"Person","name":"Angela Teng"},"description":"The company confirmed its full-year profit target of US$1.30 to US$1.50 per share, but backed away from its operating margin target of 8% by 2020.","isAccessibleForFree":"True"} if(document.cookie.indexOf('userGdprLevel={"userLevel":"1"')>0){window["optimizely"]=window["optimizely"]||[];window.optimizely.push(["skipPageTracking"]);window["optimizely"].push(["optOutThirdPartyCookies"])}