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Ford reports $1.7 billion quarterly loss, shares tumble

February 5, 2020

Ford Motor Co. shares fell as much as 11% in the extended session Tuesday after the U.S. auto maker missed adjusted profit expectations and posted a GAAP loss for its fourth quarter.

Ford F, +2.23% said it lost $1.7 billion, or 42 cents a share, in the quarter, compared with a loss of $100 million, or 3 cents a share, in the year-ago period. The GAAP loss included a previously disclosed $2.2 billion charge related to pensions.

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