Why Ford's Stock Is Moving Today

benzinga2021-06-17

Ford Motor Company shares are trading higher after the company issued strong second-quarter guidance ahead of its fireside chat Thursday at the Deutsche Bank Auto Conference.

Here are some key takeaways:

  • Ford sees adjusted EBIT as being significantly better year-over-year.
  • Ford highlighted strong customer reservations for four new vehicles: a full-size Bronco SUV, a battery-electric F-150 Lightning pickup, a Maverick compact truck and all-electric E-Transit commercial van.
  • Ford said improvement in autos is being driven by lower-than-anticipated costs and favorable market factors. Higher vehicle auction values are benefiting Ford Credit, the company said.
  • Ford sees second-quarter net income as being substantially lower year-over-year as a result of $3.5-billion investment in Argo AI.
  • Ford reported 36,000 customer reservations for the all-new Maverick compact pickup and 20,000 for the all-electric E-Transit commercial van.

F Price Action:Ford shares were up 2.8% at $15.44 at last check premarket Thursday.

The stock has a 52-week high of $16.45 and a 52-week low of $5.74.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
21