Wall Street sounds disappointed with fourth-quarter results from
One even downgraded the stock to Sell after the report. Analysts believe things aren’t improving fast enough at the 119-year old auto maker, putting its 2023 goals at risk.
Ford (ticker: F) reported quarterly operating profit of $2.6 billion, which missed Wall Street estimates by about $800 million. Operating profit guidance for 2023, issued Thursday, came in at about $10 billion, in-line with what analysts were projecting.