“Why Ford Motor Company Stock Crashed 17% Today” [Updated Fri, Jul 26, 2024]
July 29, 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.