Investing.com - Ford Motor (NYSE:F) reported second quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.28 on revenue of $35.76B. Analysts polled by Investing.com expected EPS of $0.31 on revenue of $38.46B. That compared to EPS of $0.27 on revenue of $38.92B in the same period a year earlier. The company had reported EPS of $0.44 on revenue of $40.34B in the previous quarter.
Ford Motor shares lost 6.68% to trade at $9.64 in after-hours trade following the report.
For the year, Ford Motor shares are up 35.03%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 16.74% year to date.
Ford Motor follows other major Consumer Cyclical sector earnings this month
On Thursday, June 27, 2019, Nike reported fourth quarter EPS of $0.62 on revenue of $10.18B, compared to forecasts of EPS of $0.66 on revenue of $10.16B.
VF earnings beat analyst's expectations on Wednesday, with first quarter EPS of $0.3 on revenue of $2.27B. Investing.com analysts expected EPS of $0.29 on revenue of $2.24B
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