Ford Motor Co (NYSE:F) shares are trading higher Wednesday after the automaker reported better-than-expected fourth-quarter results.
What Happened: Ford’s fourth-quarter revenue increased 4% year-over-year to $46 billion, which beat the consensus estimate of $39.53 billion, according to Benzinga Pro. The company reported quarterly earnings of 29 cents per share, which beat estimates of 13 cents per share.
Ford Blue sales were flat in the fourth quarter, while Ford Model e sales increased 2% and Ford Pro sales jumped 11%.
Ford noted that it has $14.9 billion in operating cash flow for all of 2023 and generated adjusted free cash flow of $6.8 billion during the year. The company ended the fourth ...