Skip to content
Subscriber Only

Ford CEO's Call for Patience Spurned as Shares Fall Most in Year

  • Stock drops 6.2% after preliminary 2018 EPS trails estimates
  • Carmaker says revenue, Ebit, cash flow could improve in 2019
A Ford Motor Co. Explorer Hybrid SUV at the 2019 North American International Auto Show in Detroit, Michigan, on Jan. 14.

A Ford Motor Co. Explorer Hybrid SUV at the 2019 North American International Auto Show in Detroit, Michigan, on Jan. 14.

Photographer: Daniel Acker/Bloomberg
Updated on

Ford Motor Co. boss Jim Hackett took on Wall Street’s criticism that he’s moved too slowly and shared too little about restructuring plans, asking analysts to believe in his “thoughtful” approach while posting profit that fell short of estimates.

Investors didn’t buy it. Ford’s shares fell steadily all day, ending down 6.2 percent, the biggest drop since a year ago, when the automaker delivered disappointing results.