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Ford (#F) has been having difficulty with decreasing revenues and net incomes, but will the new CEO, Jim Farley, turn the company around? Yesterday #Ford announced they Q4 earnings and beat analyst expectations! The company reported a Non-GAAP EPS of $0.34 (beat by $0.43) and revenue of $36B (-9.3% Y/Y).
Although revenues were down and GAAP EPS came in negative, many investors are hopeful that the company has a bright future. CEO Jim Farley went on to state that the company is now investing a combined $29B into their electric vehicle and autonomous vehicle program. Will EVs make Ford great again?