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Ford Motor Shares Up 2% on Q1 Earnings Beat, Affirms 2022 EBIT Guidance

Published 04/27/2022, 12:42 PM
Updated 04/27/2022, 04:43 PM
© Reuters.  Ford Motor Shares Up 2% on Q1 Earnings Beat, Affirms 2022 EBIT Guidance
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Ford Motor (NYSE:F) shares were trading around 2% higher after-hours following the company’s reported strong Q1 beat. Quarterly EPS came in at $0.70, compared to the consensus of $0.37, and revenue came in at $34.5 billion, compared to the consensus of $31.13 billion.

The company is on track for 600K EV units by late 2023.

CEO Jim Farley said the appeal of the Bronco, Bronco Sport, Maverick, Mustang Mach-E, E-Transit, and F-150 Lightning is "undeniable."

The company affirmed its full 2022-year adjusted EBIT guidance of $11.5-$12.5 billion, up 15% to 25% from a year ago.

Shares of Ford are down 29% year-to-date.

By Davit Kirakosyan

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