INTERNATIONAL - Ford Motor Co gave a fourth-quarter earnings forecast on Wednesday that was below analysts’ expectations, sending shares down slightly in US premarket trading.
The No. 2 US automaker said it could see improvement in 2019 earnings and revenue as global industry sales remained flat, but did not provide any figures.
“For 2019, we see the potential for year-over-year improvement in company revenue, EBIT and adjusted operating cash flow,” Chief Financial Officer Bob Shanks said in a statement.
“For 2019, we expect to be able to fully fund our business needs, while maintaining cash and liquidity levels at or above our target levels,” he said.
Still, Ford saw headwinds for the year ahead, citing tariffs and high commodity costs, both of which also impacted its 2018 earnings. The details on the outlook were contained in slides just ahead of a presentation by Ford early on Wednesday at a Deutsche Bank conference in conjunction with the 2019 North American International Auto Show in Detroit.