{"id":128561,"date":"2022-07-28T13:23:34","date_gmt":"2022-07-28T13:23:34","guid":{"rendered":"https:\/\/fin2me.com\/?p=128561"},"modified":"2022-07-28T13:23:34","modified_gmt":"2022-07-28T13:23:34","slug":"ford-rewards-its-investors","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/ford-rewards-its-investors\/","title":{"rendered":"Ford Rewards Its Investors"},"content":{"rendered":"
Ford Motor Company posted much better-than-expected numbers for its most recent quarter. And, it explained why its future is bright. Investors cheered the results. Based on comments about expenses, many of Ford\u2019s employees did not.<\/span><\/p>\n Revenue rose to $40.2 billion from $26.8 billion in the year ago period. Net income increased to $667 million from $561 million. CFO John Lawler said \u201cFord\u2019s outlook for full-year 2022 financial performance has not changed: adjusted EBIT of $11.5 billion to $12.5 billion, which would represent 15% to 25% growth from last year, and adjusted free cash flow of $5.5 billion to $6.5 billion.\u201d<\/span><\/p>\n The company\u2019s stock, which has been in a rut for months, rose a few percentage points after hours. In premarket trading, the shares stood at $13.93.<\/span><\/p>\n <\/span><\/p>\n Another announcement that should cheer investors was that Ford\u2019s board raised its quarterly dividend to $0.15 a quarter from 0.10. The move helps the Ford family considerably, but the benefit reached all of Ford\u2019s investors.\u00a0<\/span><\/p>\n Ford management hinted strongly that its expenses were too high. This seems to confirm earlier reports of planned layoffs.\u00a0<\/span><\/p>\n \t\t\t<\/p>\n \t\t\t\t