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Ford Q1 Earnings Highlights: Automaker Beats Street Estimates, Guidance Improves, EV Revenue Falls 84%

Ford Motor Company (NYSE:F) reported first-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Ford reported first-quarter revenue of $42.8 billion, which was up 1.3% year-over-year. The revenue total beat a Street consensus estimate of $40.1 billion, according to data from Benzinga Pro. The company reported earnings per share of 49 cents in the first quarter, which beat a Street estimate of 42 cents per share. Revenue by segment for the first quarter was: Ford Blue: $21.8 billion, -13% year-over-year Ford Model e: $0.1 billion, -84% year-over-year Ford Pro: $18.0 billion, +36% year-over-year Wholesale units by segment were as follows: Ford Blue: 626,000, -11% year-over-year Ford Model e: 10,000, -20% year-over-year Ford Pro: 409,000, +21% year-over-year The company's Ford Pro unit saw strong growth led ...