Ford Projects Lower-than-Expected Profit

The automaker called for adjusted earnings of $1.30 per share due to higher commodity and warranty costs and a business decline in China.

This April 23, 2018 photo shows the logo for Ford above a trading post on the floor of the New York Stock Exchange.
This April 23, 2018 photo shows the logo for Ford above a trading post on the floor of the New York Stock Exchange.
AP Photo/Richard Drew

Ford is calling for 2018 adjusted earnings of $1.30 per share, slightly below Wall Street's view, because of challenges including higher commodity and warranty costs and a business decline in China.

Analysts predict earnings of $1.33 per share, according to FactSet.

Looking ahead, Ford Motor Co. Chief Financial Officer Bob Shanks said in a statement Wednesday that the automobile maker sees the potential for year-over-year improvement in revenue in 2019.

Last week Ford announced it was cutting jobs in Europe as it reshapes its business to focus on more profitable commercial trucks and SUVs while shifting production to electric cars over the longer term.

Shares of the Dearborn, Michigan-based company fell 15 cents to $8.69 in morning trading.

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