Ford quarterly profit falls, shares drop after bell

Ford's full-year profit short of expectations

DETROIT (Reuters) – Ford Motor Co on Thursday reported a full-tear operating profit short of expectations.

The company‘s 2022 adjusted profit of $10.4 billion was short of the company’s forecast at the end of the third quarter for $11.5 billion.

“We should have done much better last year,” Ford CEO Jim Farley said in a statement. “We left about $2 billion in profits on the table that were within our control.”

(Reporting by Paul Lienert and Joseph White)

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