In mid-week stock market news, Ford Motor (F) is in the spotlight, and not in a good way. The automaker posted its largest quarterly earnings miss in four years.
Ford absorbed $900 million in tariff-related costs. Credits for auto parts did not take effect on time. As a result, it earned $0.13 a share (adjusted), compared to the $0.19 EPS expected. Revenue topped $42.4 billion. It is forecasting EBIT of $8 billion to $10 billion, compared to capital spending of $9.5 billion to $10.5 billion.
Robinhood (HOOD) disappointed investors in after-hours trade. The cryptocurrency slump, led by Bitcoin (BTC-USD), hurt transaction revenue. Net revenue of $1.28 billion was hurt by crypto transaction revenue falling by 38% Y/Y. Still, GAAP EPS of $0.66 beat expectations.
HOOD stock fell steadily ahead of the weak report. Watch a drop of around 8% this morning.
Amentum (AMTM) dropped by 12.38% on Tuesday. The firm reported Q1 non-GAAP EPS of $0.54. Revenue fell 5.3% Y/Y to $3.24 billion. It is guiding revenue and adjusted diluted EPS that exceed consensus. This suggests that AMTM stock should rebound from here.
Investors should watch Datadog (DDOG), Masco (MAS), and Marriott International (MAR). Shares in those firms gained 8.5% or more on Tuesday. Look for a follow-through rise in today’s trading.
