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Ford Forecast Trails Estimates on SUVs, China; Shares Fall

  • Strategic push toward SUVs has short-term costs in ramp-up
  • Aging models hurt results in China with 32% drop in deliveries
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Ford's Profit Forecast Trails Estimates as China Sales Slump
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Ford Motor Co. issued an annual profit forecast that disappointed investors as the automaker rolls out new sport utility vehicles and struggles to compete in China’s slumping car market.

Adjusted earnings will range from $1.20 to $1.35 a share, Ford said Wednesday, below analysts’ average estimate for $1.39. The second-largest U.S. automaker also missed projections for second-quarter profit, and its shares slumped in after-hours trading.