Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ford Motor Company - F

Pomlaw 8-Aug-2024 11:22 AM

Pomerantz LLP is investigating claims on behalf of investors of Ford Motor Company ("Ford" or the "Company") (NYSE:F).   Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Ford and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 24, 2024, Ford issued a press release announcing its second quarter 2024 results, including non-GAAP EPS of $0.47, missing consensus estimates by $0.21, and revenue of $44.81 billion, missing consensus estimates by $70 million.  In explaining these disappointing results, the Company cited increased warranty costs and losses associated with its electric vehicle division. 

On this news, Ford's stock price fell $2.51 per share, or 18.36%, to close at $11.16 per share on July 25, 2024.