The estimates seemed enthusiastic, but they weren’t enthusiastic enough. Ford had a solid first quarter.
First quarter revenue was $33.1 billion against estimates of $28.1B. Earnings per share were 61 cents against estimates of 50 cents. As of this writing, F is trading a $15.95 and heading up. I remember buying 20,000 shares in 2009 and selling them to finance a Koni Challenge run. If I’d held on to them, I’d be in a Daytona Prototype today!