Ford reported Thursday it earned $10.4 billion in net income last year, falling well below its own guidance and missing Wall Street’s expectations as the U.S. automaker struggled with supply chain issues and production instability that drove down sales and pushed operating costs higher. Shares fell as much as 8.3% in after-market trading, before recovering. Ford shares are $14.32, down 6.15% at 6:07 pm ET in after-market trading. Ford CEO Jim Farley said in the earnings report, and in a call with analysts, that many of its misses were in the company’s control and are being addressed. “We should have done much better last year,” Ford CEO Jim Farley said in a statement. “We left about $2 billion in p… Click below to read the full story from TechCrunch
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Ford left ‘$2B of profits on the table’ in 2022
