Ford shares in Frankfurt drop 8% after Q2 profit miss-February 2024-www.financetom.com

Ford shares in Frankfurt drop 8% after Q2 profit miss

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Ford shares in Frankfurt drop 8% after Q2 profit miss

Jul 25, 2024 12:45 AM

(Reuters) - Ford Motor ( F ) shares listed in Frankfurt plunged 8% on Thursday, after the Detroit automaker reported a drop in second-quarter adjusted profit.

The company earned an adjusted profit of 47 cents per share, significantly missing analysts' expectations of 68 cents, according to LSEG data.

Ford's German-listed shares were down 8.1% in early trading.

Shares in the company fell 11% in after-hours trading in New York on Wednesday, having ended regular trading down 1.1%.

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