Ford’s Earnings Beat Expectations in The Q4

Ford reported fourth-quarter earnings on Thursday, which largely missed Wall Street earnings expectations and lost slightly in revenue.

Adjusted earnings per share were 26 cents versus 45 cents expected, and auto revenue was $35.3 billion versus $35.5 billion expected.

While the automaker met its 2021 annual profit guidance, Ford Chief Financial Officer John Lawler told the media, it failed to meet production targets that analysts had been expecting due to supply chain problems, including an ongoing shortage of semiconductor chips.

For the quarter, Ford’s North American operations contributed the most to the automaker’s earnings, up 68% to $1.8 billion year-over-year. International losses included $150 million in China, down 130 percent, and $159 million, down 139% in Europe.