Ford Motor Company (NYSE: F) reported fiscal fourth-quarter profit rose to $3.04 billion, or 74 cents a share, from $1.60 billion, or 40 cents a share, a year earlier. Revenue increased to $37.6 billion, from $36.3 billion a year ago.
Adjusted EPS came in at 31 cents a share. Wall Street had expected earnings of 28 cents a share on revenue of $34.96 billion, according to analysts polled by FactSet.
On Tuesday, shares of Ford edged down 0.32 percent to $15.66 in afternoon trading.
Apple Inc. (NASDAQ: AAPL) on Monday reported a fiscal first-quarter profit of $13.1 billion, or $14.50 a share, on revenue of $57.6 billion, compared with earnings of $13.1 billion, or $13.81 a share, on $54.5 billion in revenue during the same period a year ago. Analysts polled by FactSet had expected Apple to report $14.09 a share on $57.47 billion in revenue.
The tech giant’s forecasts for second-quarter sales missed estimates and came in between $42 billion and $44 billion, compared with Wall Street expectations of $46.12 billion in revenue, sending shares of Apple down 7.30 percent to $510.26 on Tuesday.
In afternoon trading, the Dow Jones industrial average rose 73.98 points or 0.47 percent, to 15,911.86. The S&P 500 gained 8.12 points or 0.46 percent, to 1,789.68. The Nasdaq Composite added 6.035 points or 0.15 percent, to 4,089.644.
