Beset by higher costs and chip shortages, Ford still manages to top estimates and maintains bright outlook
Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022.
Bill Clark | CQ-Roll Call, Inc. | Getty Images
Ford Motor (F) reported not-as-bad-as-feared quarterly results Wednesday after the bell.
Total revenue of $34.5 billion was down about 5% year over year and was in line with the consensus estimate on FactSet of $34.53 billion.
Adjusted EBIT (earnings before interest and taxes, or operating income) was $2.3 billion, a beat of estimates of $2.16 billion. That put adjusted EBIT margin (operating margin) at 6.7%, topping estimates of 6.2%.