Ford Missed Earnings, Will Pay Special Dividend, and Sold Rivian Stake
Ford Missed Earnings, Will Pay Special Dividend, and Sold Rivian Stake | Barron’s
Motor’s earnings for the fourth quarter weren’t good enough even though guidance for 2023 was just about right. The stock is falling even as strong cash flow has the company paying a special dividend.
Thursday evening, Ford (ticker: F) reported fourth-quarter earnings per share of 51 cents, an operating profit of $2.6 billion, and sales of $44 billion.