Ford Motor Company shares were down 6% on Tuesday's premarket operations following the release of its earnings report for the third quarter of its fiscal 2024, which showed a drop in its quarterly earnings per share (EPS) of 27% which stood at $0.22.
Despite revenue for the quarter jumping 5% to $46.2 billion, the carmaker's net income fell 25% to $900 million in the reported trimester.
The carmaker's shares slid by 6.07% in the premarket, going for $10.68 apiece at 4:37 am ET in the premarket trading on Wall Street.