Ford Motor Company (NYSE: F) posted better-than-expected first-quarter earnings and revenue, but shares slipped nearly 3% after the automaker pulled its full-year outlook due to mounting uncertainty over U.S. trade policy.
Adjusted EPS came in at $0.14, beating Wall Street expectations for a $0.02 loss. Revenue reached $40.7 billion, topping the $38.15 billion consensus estimate. However, sales were down 5% from the same period last year, as lower wholesale volumes pressured overall performance.
Despite the earnings beat, Ford warned that recently announced tariffs could reduce its 2025 adjusted EBIT by as much as $1.5 billion. As a result, the company withdrew its full-year forecast for adjusted EBIT and free cash flow.
Net income fell sharply to $471 million from $1.3 billion a year earlier, while adjusted EBIT fell to $1 billion from $2.8 billion in the prior-year period.
The Ford Pro division, which handles commercial vehicles, posted $1.3 billion in EBIT on $15.2 billion in revenue, reflecting an 8.6% margin, down sharply from $3 billion and a 16.7% margin in the same quarter last year.
Losses narrowed in Ford Model e, the electric vehicle unit, with a first-quarter EBIT loss of $849 million compared to $1.3 billion a year ago. U.S. retail EV sales rose 15% year-over-year, signaling improving traction in the segment.
Following the earnings report, Bank of America (BofA) downgraded Ford Motor credit rating to Marketweight from an Overweight.
As of the latest update, Ford Motor (NYSE: F) shares are down 2.65%, trading at $9.90.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
