Hyperdrive
Ford Posts Slight Earnings Beat as Higher Prices Boost Results
- Results come a day after electric F-150 pickup goes on sale
- Persistent semiconductor shortage continues to constrain sales
This article is for subscribers only.
Ford Motor Co. slightly exceeded earnings expectations in the first three months of the year as higher prices offset supply-chain snarls that have limited production.
One day after rolling out an electric version of the F-150 pickup truck, Ford on Wednesday posted adjusted earnings per share of 38 cents, topping the 36 cents analysts predicted on average. Adjusted earnings before interest and taxes of $2.3 billion surpassed the $1.8 billion analysts expected.