Automotive giant Ford Motor Company (NYSE:F) reported fourth-quarter financial results after the market close Tuesday.
Here are the key highlights.
What Happened: Ford reported fourth-quarter revenue of $46 billion, which was up 4% year-over-year. The revenue total beat a Street consensus estimate of $39.53 billion, according to Benzinga Pro data.
The company reported earnings per share of 29 cents, which beat a Street consensus estimate of 13 cents per share.
Ford posted the following segment sales for the fourth quarter, with changes reported on a year-over-year basis:
Ford Blue: $26.2 billion, flat
Ford Model e: $1.6 billion, +2%
Ford Pro: $15.4 billion, +11%
Electric vehicles continue to be a focus in Dearborn.
"EVs are here to stay, customer adoption is growing, and their long-term upside is central to Ford+," Ford Chief Financial Officer John Lawler said.
The company said ...