Ford Motor sees Q4 EPS below consensus
- Co issues downside guidance for Q4 (Dec), sees adjusted EPS of $0.30 vs. $0.33 S&P Capital IQ Consensus.
- 2018 results also will include the impact of a non-cash pre-tax remeasurement loss of $877 million related to the year-end revaluation of global pension and other postretirement employee benefits plans, also known as pension mark-to-market adjustment.
- The company strategy centers on high-growth product segments, electrified propulsion, autonomous vehicles, mobility services, operational fitness, and high-performance culture.
- "We are now beginning to see the results of our capital shift away from traditional sedans to trucks and SUVs with new utility nameplates globally, including Territory in China, Bronco, and a slightly smaller, yet-to-be named off-roader in North America."
- North America: In the next 24 months, Ford is refreshing 75% of its lineup, fortifying the company's successful truck franchise and renewing and expanding the range of SUVs.
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