/Ford Earnings Crushed Expectations. Why the Stock Is Dropping. – barrons.com

Ford Earnings Crushed Expectations. Why the Stock Is Dropping. – barrons.com


Ford Motor earnings surprised to the upside again, reporting better than expected first-quarter profits. The result looks great, but the stock is down. The reason: The global semiconductor shortage is starting to hurt, causing Ford to reduced its full-year earnings guidance.

Ford (ticker: F) managed to crush earnings expectations in the fourth quarter too. Pulling off that feat this time was a little tougher, though. The chip shortage, along with higher raw material costs, made life difficult for all auto makers. The shortage…

Original Source