Ford posts massive earnings miss as warranty issues weigh on results
- Ford Motor Company reported second-quarter revenue of $47.8 billion, a 6% increase from last year, beating estimates of $44 billion from Benzinga Pro.
- The company's quarterly earnings per share were 47 cents, falling short of the 68 cents expected by analysts.
- Ford reiterated its full-year fiscal 2024 earnings before interest and taxes guidance, forecasting a range of $10 billion to $12 billion.
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