Updated 16:49 IST, July 25th 2024
Ford shares tumble 8% post Q2 profit disappointment in Frankfurt
Ford a Detroit-based company has reported an adjusted profit of 47 cents per share, a notable miss compared to analysts' expectations of 68 cents per share.

Ford shares dipped: Ford Motor's Frankfurt-listed shares took a sharp downturn and dropped by 8 per cent following the auto manufacturer’s announcement of lower-than-expected adjusted profits for the second quarter.
Ford a Detroit-based company has reported an adjusted profit of 47 cents per share, a notable miss compared to analysts' expectations of 68 cents per share, as reported by LSEG data.
Investor’s reaction to this drop was swift, with Ford's shares listed in Frankfurt experiencing an 8.1 per cent decline during early trading hours. This decline follows a substantial drop of 11 per cent in after-hours trading on Wednesday in New York, where the stock had ended regular trading down by 1.1 per cent.
Ford's disappointing earnings report comes amidst broader challenges in the global automotive industry, which includes supply chain disruptions and semiconductor shortages that have impacted production capacities across various manufacturers.
The downturn in Ford's stock is reflecting investor’s concern over the company's ability to navigate these ongoing challenges effectively. Analysts had anticipated stronger financial performance from Ford, given the gradual recovery in consumer demand following pandemic-related disruptions.
Despite these setbacks, Ford remains positive about its long-term prospects, which emphasises the ongoing investments in electric vehicles (EVs) and other strategic initiatives that are aimed at enhancing operational flexibility.
Market analysts are closely monitoring Ford's next steps, particularly its efforts to address supply chain issues and capitalise on opportunities in the evolving automotive market.
As trading continues, Ford's performance on global markets, including Frankfurt and New York, will be closely scrutinised for signs of recovery or further volatility amid the dynamic economic environment.
Published 16:49 IST, July 25th 2024