Ford Motor misses by $0.08, beats on revs; sees risks in achieving guidance :
- Reports Q2 (Jun) earnings of $0.52 per share, excluding non-recurring items, $0.08 worse than the Capital IQ Consensus of $0.60; revenues rose 5.4% year/year to $37 bln vs the $36.28 bln Capital IQ Consensus.
- Automotive segment operating cash flow of $4.2B, an all-time quarterly record.
- Automotive segment pre-tax profit of $2.8B, down $130M; regions outside North America collectively also were profitable for third consecutive quarter. Automotive segment operating margin 7.7 percent. Europe delivered $467M pre-tax profit, nearly triple year ago results, best ever second quarter.
- Global market share of 7.5 percent down three-tenths of a point from a year ago.
- Expect another strong year of results, and Ford committed to full year guidance of company pre-tax profit and operating margin equal to or better than last year; however, company now sees risks challenging achieving guidance. Entire Ford team working to mitigate the risks
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