We also have an earnings alert from Ford. This
is the auto company pivoting heavily into electric vehicles but
announcing earlier this week that price cuts for its E
. V. S are on the horizon In a
super competitive market where growth is slowing down and even
peer competitors like Tesla had reported price cuts earlier this
year as well. So these are the results of
the company, in fact missing on earnings per share
, 51 cents apiece. The estimate was 62 cents
revenue, edging just a hair past expectations just shy
of 42 billion. The estimate was about 40 billion
, but the stock is reacting accordingly in the after
hours there receive, the stock is down five and
a half percent also comes after what was a blockbuster
. I mean, a really stellar report from industry
leader GM earlier this week, and GM shares did
react accordingly. They were higher on the news,
So disappointing quarter for Ford after those price cuts announced
at the start of the week.