Ford posts $1.7-billion loss, issues disappointing 2020 forecast GlobeBusiness
For the fourth quarter of 2019, Ford reported a net loss of $1.7 billion, or 42 cents a share, compared with a loss of $100 million, or 3 cents a share, a year earlier.The quarter included a loss of $2.2 billion due to higher contributions to its employee pension plans, something it disclosed last month.
Excluding one-time charges, Ford earned 12 cents a share, three cents below what analysts had expected. Revenue in the quarter fell 5 per cent to $39.7 billion, above the $36.5 billion Wall Street had expected.
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