July 24, 2019 / 8:19 PM / 5 months ago

Ford second-quarter profit falls on restructuring charges

DETROIT, July 24 (Reuters) - Ford Motor Co on Wednesday reported a lower quarterly net profit, primarily due to charges related to the restructuring of the automaker's units in Europe and South America.

The No. 2 U.S. automaker posted a second-quarter net profit of $148 million, or 4 cents per share, down from $1.1 billion, or 27 cents per share, a year earlier.

Excluding one-time charges, the company earned 28 cents per share. Analysts had expected Ford to earn 31 cents a share, according to IBES data from Refinitiv. (Reporting By Nick Carey Editing by Nick Zieminski)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below