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In September 2010, Ford reported net income of $0.48 per share compared to consensus analyst estimates of $0.38 per share, leading to a surprise of 26.3%.
In June 2010, Ford reported net income of $0.68 per share compared to consensus analyst estimates of $0.4 per share, leading to a surprise of 70%.
Double Top pattern is one part of a reversal pattern which is derived from the Triple Top. Pattern formation in the Double Top formation should also be initiated by the previous uptrend, then formed two peaks (A and C), which ideally has the same height level as shown in the picture beside this. This makes the potential for the formation of patterns Tops Doube, but it remains unclear whether the trend will turn sideway or down trend. Although further confirmation is required, trendline penetration could be an early sign for more intensive monitoring, especially if the price declines are accompanied by volume increases. Double Top formation is easily recognizable at a glance looks like the letter M. As a validation of the final confirmation of this pattern is if the closing price was below the horizontal line drawn support from the lowest point in the valley between two peaks (B). Then the target can be measured from the break point bearish based on the projected vertical distance between the “line of resistance with the lowest point in valley B”. Double Top is mentioned as one of the most common pattern and having a failure rate is quite low, around 17 percent. Statistics show 341 of the 454 signals a reversal formations that form patterns, and the other 113 is a signal consolidation. Average time to establish this pattern is about one and a half months to three months on the daily charts. In addition, the Double Top pattern can also be found on the weekly charts, but its formation would take longer, sometimes over a year or even several years. Ford has made the double top, and both price and time targets were hit.
In March 2010, Ford reported net income of $0.46 per share compared to consensus analyst estimates of $0.31 per share, leading to a surprise of 48.4%.
In December 2009, Ford reported net income of $0.43 per share compared to consensus analyst estimates of $0.26 per share, leading to a surprise of 65.4%.
Ford announced on 11/25/09 the completion of its previously stated plan to amend and extend the revolving credit facility. Revolving lenders have agreed to extend the maturity of such commitments, which totals $7.2 billion under the facility to November 2013, a 2 year increase.
Ford announced a recall of 4.5 million vehicles on October 14th, 2009 due to cruise control switch problems that could potentially catch fire.
Ford Motor Company (F) reported third quarter earnings of $0.26 per share on revenue of $30.9 billion. The consensus estimate was a loss of $0.15 per share on revenue of $28.3 billion for the quarter ending September 30, 2009.Source: stockselector.com
Ford reported earnings of -$0.21 per share in its fiscal quarter ending Jun-09, beating analyst expectations of -$0.50 by $0.29.
Ford reported earnings of -$0.75 per share in its fiscal quarter ending Mar-09, beating analyst expectations of -$1.23 by $0.14.
Ford and the UAW announced a deal that will allow it to fund the VEBA retiree health fund through additions of company stock rather than cash. This is a critical agreement because it will help the company to conserve its rapidly shrinking pile of cash, with the hope of avoiding bankruptcy or the government intervention that would come from bailout funding.
In Janruary, Ford's sales fell 40.2%, with car sales falling 35.1% and truks falling 40.5%. Fleet sales fell a whopping 65%. However, it should be noted that Ford increased its market share for the fourth consecutive quarter.
As a means of settling lititgation between the two companies, Ford will end its current diesel supply agreement with Navistar after 2009, but will continue with its joint Blue Diamond Truck & Parts venture.
By not needing taxpayer money, having a great product portfolio, having an agreement with UAW and having restructured a great deal of debt non-Ford customer step into the showroom. Also investors share the same feeling.
Ford reported earnings of -$1.37 per share in its fiscal quarter ending Dec-08, falling short of analyst expectations of -$1.23 by $0.14.
Ford's share price continues to drop as Ford will extend its normal Holiday shutdown to Jan. 12.
Ford will be shutting down 10 plants and will extended its normal 2-week holiday shutdown to January 12.
The Senate failed to pass the bailout bill for the Big Three.
Ford announced a strategic reevaluation of its Volvo branch, a possibility of which including its potential sale.
On November 24, 2008 the Wall Street Jounal reports Ford is contemplating selling 5 of its corporate jets to generate extra cash.
For Q3 2008, Ford had a net loss of $129 million, which totaled $2.7 billion of when special items were excluded. Yet the number everyone is watching is the company's cash, which declined to $18.9 billion from $26.6 billion at the end of Q2. Ford continues to lobby hard for a US Government bailout to sustain its restructuring before this cash runs out. Despite these bleak results, the company is still online to cut $10 billion in structural costs by 2009, quality has improved to statistical parity with Honda and Toyota, and inventories continued to be reduced.
Ford's US sales in September fell 34%, while total US car sales fell 27% from Sept. 2007. Despite this, truck sales actually improved over Sept. 2007, as Ford's more generous incentives for its trucks/SUVs and lower fuel prices encouraged consumers back to larger vehicles. For the same period, Ford lowered incentives offered on smaller vehicles.
Ford reported earnings of -$1.31 per share in its fiscal quarter ending Dec-08, falling short of analyst expectations of -$0.94 by $0.37.
In the 2008 United States budget, Ford, GM, and Chrysler were given the option of seeking upto $25 billion in loans from the Federal Government at lower than market interest rates. However, the clause stipulates that all three companies can only use this money in order to develop new technologies or retool factories, for the more fuel efficient cars they need to make to become profitable again, but not to cover day to day operating expenses.[1] Congress approved the loan package in September of 2008; but the Big Three said they will mutually seek upto another $25 billion in Federal loan guarantees.
For August Ford reported sales 26.6% lower than August 2007. Car sales were down 9% while truck sales fell 53%, rental fleet sales fell about 20%. Despite this Ford managed to reduce inventories by 37,000 to 416,000.[1] Fords competitors reported similar results: GM's sales fell 20.4%, Chrysler's fell 34%, Toyota's fell 9.4%, and Honda's dropped 7.3% [1]
In March 2008 Ford Motor Co. agreed to sell its Jaguar and Land Rover luxury brands to Tata Motors Ltd. of India for about $2.3 billion. Under the agreement, Ford will continue to supply Jaguar and Land Rover with powertrains, stampings and other vehicle components along with various environmental and platform technologies. The supply agreements will last for the at least the next three years and could extend for two to four years beyond that. Ford also will provide Tata Motors, a subsidiary of conglomerate Tata Group, with other services, such as research and development and accounting. In addition, Ford will provide financing for dealers from its lending arm, Ford Motor Credit, for as much as a year. Ford originally paid $2.5 billion for Jaguar in 1989 and purchased Land Rover for $2.75 billion in 2000.
The legislation passed today increases the federal standard auto makers must meet to an industry wide 35 mpg for passengers cars, SUVs and small trucks. The standard for cars today is 27.5 mpg and for trucks and SUVs 22.2 mpg. The bill also ramps up production of ethanol use to 36 billion gallons a year by 2022, up from 6 billion gallons of ethanol produced in 2007. This will put significant pressure on Ford's gas guzzlers.
Ford announced it is recalling 1.2 million trucks, sport-utility vehicles and vans to fix an engine sensor that could lead to engine stalling. The recalled vehicles are all from the 1997-2003 model years with 7.3 liter diesel engines, including the Ford E-Series van, Excursion full-size SUV, and F-450 Super Duty and F-550 Super Duty trucks.
The falling US dollar makes US cars less expensive when compared to their foreign rivals, a much needed shot in the arm for the US auto industry.
Ford's Juy Auto Sales are down 19% from te same period a year ago.
Ford's Jue sales decline from previous year
Ford Announces desire to sell Landrover and Jaguar brands as pat of its continued restructuring
Ford is ordered to pay USD 80 million to Navistar, an engine supplier for Ford's commercial trucks. Ford had sued Navistar earlier for warranty and quality issues. Ford also reveals that its new restructuring of Ford Credit will cost USD 300 million.
Ford enters into an agreement to receive a seven-year term loan facility and a five-year revolving credit facility totaling over $18 billion, over $11 billion of which was available December 31, 2006.
Ford announces that it will build a USD 277 million car plant in Poland to produce Ford Ka compact models for the European market.
