Ford Shares Slide as Outlook Boost Underwhelms Investors

Ford Motor Co. warned of pressure from an unexpected rise in commodity costs, spooking investors even as the automaker raised its full-year profit outlook on demand for high-margin pickups and SUVs.

The company now expects to earn as much as $10.5 billion before interest and taxes this year, up $500 million from its previous forecast. Ford’s first-quarter results also blew past Wall Street’s expectations late Wednesday, with adjusted earnings of 66 cents a share compared with 19 cents expected by analysts.