Ford sinks after Q4 profits miss expectations, CEO says $2 billion left on the table
Ford (F) shares sank late Thursday after the automaker reported fourth quarter profits that missed expectations and CEO Jim Farley said the company “should have done much better last year.” Ford reported quarter adjusted EBIT — or earnings before interest and taxes — of $2.6 billion, missing Wall Street expectations for $3.45 billion. On a …
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