Ford Suspends Its Outlook Amid Tariff Worries

Ford (F) reported first-quarter earnings that topped analysts’ expectations, but suspended its full-year forecast amid worries about an uncertain auto tariff environment.

Ford said it expects to take a $1.5 billion hit to its adjusted earnings before interest and taxes this year related to tariffs, and suspended its full-year outlook, pointing to “potential for industrywide supply chain disruption.”

The company reported adjusted earnings per share of 14 cents for the first quarter, down 71% year-over-year, on revenue that fell 5% to $40.7 billion. Analysts were expecting a loss of 1 cent per share on revenue of $38.49 million, according to the consensus compiled by Visible Alpha.

Last week, rival Detroit automaker General Motors (GM) slashed its outlook, warning that the Trump administration’s auto tariffs could have a $4 billion to $5 billion impact on its full-year profit. While Ford and GM produce most of their cars in the U.S., many parts used to build them are imported.

Ford shares fell about 3% in after-hours trading. The stock has lost close to a fifth of its value over the past 12 months through Monday’s close.