BUZZ-Ford falls after suspending annual forecast

Reuters
05-06
BUZZ-Ford falls after suspending annual forecast

** Ford Motor F.N shares fall 3% to $10 premarket

** Co suspended annual guidance due to uncertainty around U.S. President Donald Trump's tariffs, explaining levies would cost co about $1.5 bln in adj. earnings before interest and taxes

** Ford's earnings/share fall to 14 cents in Q1, far surpassing LSEG analysts' estimate of 2 cents/share but down from 49 cents a year earlier

** Co's Q1 revenue falls 5% to $40.7 bln but beats analysts' expectations of about $36 bln

** The automaker this year projected losses of up to $5.5 bln on its EV and software operations

** 3 of 27 brokerages rate the stock "buy" or higher, 19 "hold" and 5 "sell" or lower; their median PT is $9.35

** As of last close, stock had risen 4.4% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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