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Business, Stocks

“Why Ford Motor Company Stock Crashed 17% Today” [Updated Fri, Jul 26, 2024]

“one of America’s Big Three automakers, collapsed 16.7% through 12:45 p.m. ET Thursday after the company reported a huge earnings miss last night.

Analysts had forecast Ford would earn $0.68 per share on $44 billion in Q2 sales. While Ford exceeded the revenue number easily, with $47.8 billion in quarterly sales, profits came in short of expectations at just $0.47 per share…”

https://finance.yahoo.com/news/why-ford-motor-company-stock-191402162.html

This is why a lot of people in stocks take profit before earnings reports.

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