Analysts had, on average, expected earnings per share for the quarter of 35 cents.
The No. 2 US automaker had warned investors in late March that higher expenditure and lower sales volumes would have an impact on its quarterly earnings.
Ford, one of the Calumet Region's largest employers, reported profits plunged 35 percent to $1.6 billion in the first quarter, down from $2.5 billion during the same period past year. Those higher costs were due to a $US467 million increase in warranty costs, a $US176 million increase in commodity costs, and a $US253 million increase in product launch costs.
In 2016, the profit for the automaker was $2.4 billion, the highest profit for a quarter by the company on record. Those actions were in addition to a recall last fall of 2.4 million vehicles to fix door latches which cost Ford $600 million.
Ford said it still expects adjusted pretax profit to be about $9 billion in 2017.
Total revenues for the quarter, however, increased 4 percent to $39.15 billion from last year's $37.72 billion, driven by favorable mix.
Ford delivered 1.7-million vehicles globally in the first quarter, while Daimler delivered 754,300, of which 568,100 were Mercedes-Benz cars.
Former Maine Player, 'Miracle' Star, Found Dead
Meanwhile Jack O'Callahan - the ice hockey champ Michael played in Miracle - paid his respects to the star on social media. The former actor was found dead Monday in his own vehicle by police in Des Moines , WA, according to TMZ .
Ford earned a historically high $10.4 billion in operating profits previous year but results were down slightly from 2015's record of $10.8 billion.
"Tesla is just all about the long-term potential of the company", David Whiston, an analyst with Morningstar Inc.in Chicago, said by phone ahead of Ford's earnings release.
In a March regulatory filing with the U.S. Securities and Exchange Commission, Ford projected its first-quarter earnings per share to come in between 30 cents and 35 cents.
Ratings agencies have warned of worsening credit and there are concerns that millions of almost new leased vehicles due to flood the market over the next couple of years will further depress used-car values and hurt US automakers' sales.
Cash flow from financing activities was $1,120 million for the quarter, down 73.83 percent or $3,159 million, when compared with the past year period.
Transaction prices for its new cars and trucks rose $1,971 year-over-year, according to Ford, compared with an industry average increase of $506.
Shares of Ford rose by as much as 1.9% to $11.82 in premarket trades this morning. In Europe, in a recovering market profit before taxes was $176 million and in Asia $124 million. Analysts attributed the beat to stronger-than-expected earnings in North America and at Ford Credit, the company's financing arm.
I am confident, Excellency, that your State Visit will result in new initiatives in all these areas of enormous potential. India is also thankful for the efforts of Cyprus in support of her entry, as a member, into the Nuclear Suppliers' Group.
But the only odd thing that happened in Thursday night's first round is that they got exactly what they needed. "I think our focus has always been, and I've said it very publicly, to get the best player available".
He allegedly stashed a pistol in a Vienna airport bathroom and was taken into custody when he went to retrieve it in February. He is suspected of planning a violent attack, weapons violations and fraud, prosecutors in Frankfurt said.
Retaliation in baseball of course, comes in the form of one grown man throwing a baseball at another grown man intentionally. Through seven combined starts the two pitchers have thrown 46.1 innings and only allowed eight earned runs in the process.
It specifically told Flynn he would need congressional approval before accepting payments from a foreign government. Chaffetz has left Washington for a few weeks while he undergoes emergency surgery on his foot .
The aim of the report was to study the potential impacts of air pollution on human health and the natural environment. He added: "The continued failure of the government to publish constitutes a significant threat to public health".
Sergio Ramos has been handed just a one-match suspension for his straight red card in the defeat against Barcelona last Sunday. But Lionel Messi scored a superb last-minute victor to put Barcelona top of the table at their great rivals expense.
Casty was officiating a match between Toulouse and Saint-Esteve last weekend and had sent one of Esteve's players from the field. The referee who was punched was Benjamin Casty, the older brother of former Roosters forward and French global Rémi.
She continued: "My make-up looks definitely put me in a mood, and definitely give me different personalities". Someone also stated, "the curve in the curtains", while another ranted, "She loves surgery & photoshop".
It will also have a foldable body, unlike its predecessor, but it will be the same with the rest of the 3DS consoles. The handheld is slated for a US July 28 release (July 13 in Japan) with a suggested retail price of $149.
The Californian company said the Federal Bureau of Investigation and other authorities were investigating. Netflix CEO Reed Hastings recently announced the streaming giant had surpassed 100 million subscribers.
Goodell: Reps from 14 cities scouting out Philly draft
Derek Barnett has followed Reggie White to Philadelphia after breaking the Minister of Defense's sack record at Tennessee. In the draft, the NFL's 32 teams pick from among the best college players to play on their teams next season.
People's Climate Movement-Bay Area
The People's Climate March is a little different, mainly because it exclusively focuses on climate science and climate change. Kimmell says the one key group missing from the coalition wanting action on climate is elected Republicans in Washington.
Apple Cash? Cupertino Said to Be Working on Venmo Competitor
It isn't clear if the prepaid Apple debit card would only be accepted at places that take Apple Pay (although that seems likely). Obviously, the peer-to-peer payments would only work between other Apple users as it will be tightly integrated into Apple Pay.
Duterte sets aside 2016 tribunal ruling on South China Sea
Ten months into Philippine leader Rodrigo Duterte's tenure, his strategic honeymoon with China has devolved into rocky relations. Preparatory meetings will take place at the Ministerial and Senior Officials levels on April 26 to 28 with side events.