Ford Motor Co. (F) Wednesday reported first-quarter profit of $3.3 billion or $0.81 per share, compared to last year's loss of $2.0 billion or $0.50 per share.
Excluding items, adjusted earnings for the quarter were $0.89 per share, compared to a loss of $0.23 per share. On average, 16 analysts polled by Thomson Reuters expected the company to report an earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter gained 6% to $36.2 billion from $34.3 billion in the same period last year. Analysts expected revenue of $32.23 billion for the quarter.
Looking forward, the company now assumes that it will lose 10% of planned second-half 2021 production. Ford now expects to lose about 1.1 million units of production this year to the semiconductor shortage.
The company now anticipates full-year 2021 adjusted EBIT to be between $5.5 billion and $6.5 billion, including an adverse effect of about $2.5 billion from the semiconductor issue.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.