Ford Warns on Surprise Loss

“Ford said it expects report a first-quarter net loss of about $2 billion, while the FactSet consensus was for net income of $278.3 million. The automaker said revenue is expected to be about $34 billion, below the FactSet consensus of $35.4 billion. Ford said it plans to report first-quarter results, as well as estimates on the effect of the COVID-19 pandemic on its business, on April 28.”

Ford stock is up 5% on pre-market trading. I don’t understand who’s buying cars during this period of uncertainty. I’m curious to see their Q1 results on April 28th.

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