Ford and Pfizer the latest on the Q1 earnings report card
Ford saw sales drop to 33.8bn from an expected 34.59bn. Net adjusted income rose to 1.054bn vs 847.58m exp and the EPS was $0.23 vs $0.26 exp.
While they raised their North American operating margin forecast. Pfizer was warning about the FX effect on their future earnings.
They posted Q1 sales of 10.9bn vs 10.8bn exp and an EPS of $0.51 vs $0.50 exp but cut their sales forecast range to $44-46bn from $44.5-46.5bn, with earnings reduced to $1.95 - 2.05 from $2.00 - 2.10. The market was expecting a forecast of around $2.07
Not overly bad numbers from both but the dollar effect is rearing its head once again.
Is it a real problem or an easy excuse to make?
