Ford Reports Q4 Loss And Forecasts Full-year 2017 To Be Generally Lower

By Trey Williams Markets MarketWatch Pulse

Shares of Ford Motor Company dropped nearly 1% in premarket trade on Thursday after the company reported a loss of $800 million, or 20 cents per share for the fourth quarter. That compares to a loss of $2.7 billion during the same quarter a year ago. The loss per share for the year-earlier period was not readily available. Net income for the full year, however, came in at $4.6 billion, or $1.15 per share. Ford's adjusted earnings for the fourth quarter were 30 cents per share, just shy of FactSet's 31 cents consensus. Revenue for the quarter hit $38.7 billion, above the $35.0 billion FactSet consensus. The company did not make the year-earlier revenue available. Looking toward 2017, Ford expects operating margin and profit to be lower than 2016, due mainly to unfavorable volume and mix and increased investments in emerging opportunities, according to a news release. Shares of Ford are up more than 4% in the trailing 12-month period, while the S&P 500 Index is up nearly 21%.

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