04:56 PM EDT, 05/05/2025 (MT Newswires) -- Ford Motor ( F ) late Monday reported better-than-expected first-quarter results, while the automaker suspended its full-year guidance due to uncertainty tied to tariffs.

Adjusted earnings declined to $0.14 a share from $0.49 a year before, but came in above the FactSet-poll consensus that called for a breakeven point. Revenue fell 5% year over year to $40.66 billion, compared with Wall Street's $38.02 billion view.

Sales declined "as a result of a reduction in wholesales stemming from a planned shutdown in certain plants related to new product launches and inventory rebalancing measures," Ford said in a statement.

US President Donald Trump signed two executive orders late last month, reducing the 25% tariff rate on imported auto parts and ensuring that such levies don't stack on separate tariffs like those on aluminum.

Ford said it is withdrawing its 2025 guidance, citing "material near-term risks," especially those stemming from trade policies. The company estimates tariffs to drive a net adverse impact of about $1.5 billion on its full-year adjusted earnings before interest and taxes.

Excluding tariffs, Ford is tracking within the previous adjusted EBIT guidance range of $7 billion to $8.5 billion, it said.

For the first quarter, revenue dropped 3% year-on-year in the Ford Blue division and 16% for the Ford Pro segment, but electric vehicle sales soared 967% to $1.2 billion.

Ford stock was falling 2.6% in after-hours trade.