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Ford Stock Higher on Anticipation of Q1 Earnings

April 22, 2024 No comments yet

Shares of Ford Motor Company (F) are trading higher ahead of the company’s Q1 financial results scheduled for Wednesday, April 24th after the close.

Ford is expected to report Q1 EPS of $0.42 and revenue of $40.137 billion. Earlier this month, the company announced a 6.8% increase in U.S. sales in the first quarter. Ford noted strong growth in its hybrid trucks and SUVs and said it was America’s second best-selling EV brand behind Tesla for the quarter.

Ford stock was trading 5.90% higher to $12.86 Monday afternoon. The stock was trading on above-average volume for the day amid no clear catalyst.

Ford has a 52-week high of $15.42 and a 52-week low of $9.63.

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