Ford Starts Off 2018 With a Good Quarter, and Announces a Move in Cars We Consider Bold But Correct
Ford had a surprisingly good first quarter despite its profit warnings in January from commodity and exchange pressures. First-quarter diluted EPS of $0.43 beat consensus of $0.41 and automotive revenue grew nearly 7% year over year to $39 billion on solid growth in North America and Europe. Management also announced several significant positive moves and we are raising our fair value estimate to $14, mostly due to our reducing projected capital expenditures between 2019 and 2022 from levels in ...Ford Motor designs, manufactures, markets, and services a line of Ford cars, trucks, sport utility vehicles, electrified vehicles, and Lincoln vehicles, as well as provides financial services through its subsidiary, Ford Motor Credit Company LLC. The company is engaged in electrification; mobility solutions, including self-driving services; and connected vehicle services. The company has three operating segments: Automotive, which includes the sale of Ford and Lincoln vehicles, service parts, and accessories; Mobility, which includes its autonomous vehicles and its investment in mobility through Ford Smart Mobility LLC; and Ford Credit, which includes vehicle-related financing and leasing activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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