Ford earnings fall after fourth-quarter earnings that missed Wall Street’s earnings expectations and missed on revenue.
How Ford performed in Q4:
Adjusted EPS: 26 cents vs 45 cents a share expected
Automotive revenue: $35.3 billion vs $35.5 billion expected
"While the automaker hit its annual earnings guidance for 2021, it missed production targets analysts were expecting due to supply chain problems, including an ongoing shortage of semiconductor chips, Ford CFO John Lawler told media during a call Thursday."
“We’re bullish on 2022,” Lawler said, “even with persistent supply chain uncertainties that again illustrates the growing strength of our underlying business.”