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Ford Stock Rises After Big Trucks Deliver Hefty First-Quarter Profits

·1 min

Ford Motor reported a 24% decline in net income for the January-March period, down to $1.3 billion. However, earnings per share exceeded analysts’ estimates, coming in at 49 cents. In response to this news, the company’s stock rose approximately 3% in after-market trading. Ford continues to prioritize its sales of big trucks to large commercial fleets, while its electric vehicles and other business segments face challenges.