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Ford Earnings Crash Due to Bad Weather Detour in First Quarter

August 14, 2023
in Trade Tube
Reading Time: 1 min read
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Ford reports first quarter earnings of 25 cents a share on $33.9 billion in revenue, both numbers missing Wall Street estimates, as bad weather hurt the automaker. Fross and Fross Wealth Management co-founder Thom Fross tells TheStreet’s Joe Deaux that he doesn’t think Ford’s bumpy quarter will have much of a broader impact on the markets. Fross says investors should continue piling into equities as this earnings season continues to show many companies reporting record profits.

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