Hyperdrive
Ford Sinks as Shortages and Commodity Costs Weigh on Profit
- Quarterly profit misses estimates due to supply chain issues
- Constraints will continue to weigh on early 2022 production
The all-electric Ford F-150 Lightning truck.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues.
The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on vehicle deliveries to dealers this quarter.