Ford Motor Co (NYSE:F) saw its shares dip further in premarket after losing steam late Wednesday following the release of mixed fourth quarter results.
The car maker said that in the quarter, net income came in at US$2.4bn or 60 US cents a share, a vast improvement from the loss of US$781mln or 20 US cents a share recorded a year ago.
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After adjustments for one-time items, it took in 39 US cents a share, up from the 30 US cents a share recorded a year ago.
Sales shot up by 7% to US$41.3mln, compared with US$38.7bn a year ago.
The market had pencilled in an adjusted earnings of 43 US cents a share on sales of US$36.3bn.
In premarket, Ford shares were down 0.91% at US$12.05.