Ford Motor Co. provided Thursday one of the most unclear fourth-quarter reports.
But that’s not all. Some other aspects of the report made it difficult to assess Ford’s performance in the latest quarter, which included an $800 million loss:
Per-share numbers for year-ago fourth-quarter results were not provided, whether based on Generally Accepted Accounting Principles (GAAP) or not (non-GAAP).
The financial table was flipped, meaning prior full-year results were listed first, to the left of 2016 results. That is the opposite of audited results disclosed in quarterly and full-year filings with the Securities and Exchange Commission.
The comments from Chief Executive Mark Fields and Chief Financial Officer Bob Shanks on the full release, and all the data and information provided in the “highlights” section on the first page and the next 10 pages, were about full-year results.
Submitted January 27, 2017 at 08:12AM by gambit270 http://ift.tt/2jmeQhY
