Ford Stock: The Good, the Bad, and the Ugly
After a turbulent 2022 for the automotive industry, investors were thrilled when General Motors posted surprisingly strong fourth-quarter results. The better-than-expected earnings on strong revenue drove GM stock higher, and it also pulled competitor Ford Motor Company (NYSE: F) stock higher in anticipation it would have similar results.
But Wall Street was wrong, and Ford posted fairly brutal fourth-quarter results on Feb. 2. Worse yet, Ford management didn't have many details about its plan to fix its problems -- at least, not yet. Let's dive in to the good, the bad, and the ugly from Ford's fourth-quarter report -- and unfortunately for investors, there's really only one bright spot.
Ford's fourth-quarter adjusted earnings checked in at $0.51 per share, well short of the $0.62-per-share estimates. There was one bright spot in the company's fourth quarter, however, and that was its accelerating electric vehicle portfolio.
Source Fool.com
