Ford Misses on Earnings but Beats on Revenue Estimates and Amazon's Spending Affects Quarterly Profits
Ford Motor Co. (NYSE: F) reported first quarter earnings revealing a first-quarter profit of $989 million. This figure came in significant down compared to the $1.6 billion it made a year ago. It also came in well short of estimates from Wall Street analysts. Earnings per share came in at 25 cents in the first quarter of 2014, down from 41 cents in the first quarter of 2013, and missing the Zacks Consensus Estimate of 32 cents. Revenues however in the quarter grew 0.8% to $35.9 billion, which exceeded the Zacks Consensus Estimate of $34.49 billion. Ford Motor Company develops,