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.