Investing.com - Ford Motor (NYSE:F) reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.3 on revenue of $41.8B. Analysts polled by Investing.com expected EPS of $0.32 on revenue of $38.63B. That compared to EPS of $0.39 on revenue of $41.33B in the same period a year earlier. The company had reported EPS of $0.29 on revenue of $37.67B in the previous quarter.
Ford Motor shares gained 0.24% to trade at $8.36 in after-hours trade following the report.
Ford Motor shares gained 0.24% to trade at $8.36 in after-hours trade following the report.
For the year, Ford Motor shares are up 9.02%, outperforming the S&P 500 which is up 6.93% year to date.
Ford Motor follows other major Consumer Cyclical sector earnings this month
On Friday, VF reported third quarter EPS of $1.31 on revenue of $3.94B, compared to forecasts of EPS of $1.1 on revenue of $3.87B.
Stanley Black Decker earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $2.11 on revenue of $3.63B. Investing.com analysts expected EPS of $2.1 on revenue of $3.62B
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