Ford’s Maverick in hybrid form, with 37 mpg combined.
‘s fourth-quarter earnings, reported Thursday evening, came in a little light, and financial guidance for 2022 didn’t blow investors away. The stock was trading lower
riday, and it could be a tough day for Ford bulls since Wall Street isn’t defending shares following the earnings miss.
Ford (ticker: F) stock was at $17.92 in early trading Friday, down 9.9%. The
is up about 0.4%, while the
Dow Jones Industrial Average
has fallen about 0.1%.
The company reported 26 cents in adjusted per-share earnings. It posted $2 billion in operating income from $37.7 billion in sales. Wall Street expected earnings of 45 cents a share along with $2.8 billion in operating income from $34.5 billion in vehicle sales.
Looking ahead, Ford expects to earn about $12 billion in operating profit in 2022, right in line with analysts’ projections.
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Deutsche Bank analyst Emmanuel Rosner lowered his price target to $21 from $24. His problem wasn’t with the fourth-quarter number….