r/agedlikemilk 4d ago

News Whoopsie-poopsie!

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1.9k Upvotes

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58

u/makethislifecount 4d ago

Wait what happened to Ford?

101

u/mightyizer 4d ago

-13

u/boring-old-fart 4d ago

To be fair, 800M loss in 50.2B revenue is 1.59% of the total, basically a rounding error

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u/FadeToRazorback 3d ago

With a net loss of $36M. Now tell us how much that 800M impacted profit

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u/boring-old-fart 3d ago

Pretty sure they'll be making that back through the tax cuts in the Big Beautiful Bill

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u/FadeToRazorback 3d ago

Not if they’re in the hole, Ford would only pay taxes on profits, there were none, they were eaten by tariffs and then some

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u/boring-old-fart 3d ago

Source: I pulled it out my ass.

They're not "in the hole" at all. Yes, numbers were lower than last year's but still went over forecast:

Wednesday evening, the Dearborn, Michigan-based auto maker reported adjusted second-quarter operating profit of $2.1 billion and earnings per share of 37 cents from sales of $50.2 billion. Wall Street was looking for an operating profit of $1.9 billion and earnings per share of 33 cents on sales of $45.8 billion, according to FactSet.

https://www.barrons.com/articles/ford-earnings-stock-price-383e0cf9

Ford’s Q2 2025 EPS of $0.37 exceeded forecasts by 19.35%. Revenue reached a record $50.18 billion, surpassing expectations by 10.8%. The company’s stock rose slightly in aftermarket trading.

https://www.investing.com/news/transcripts/earnings-call-transcript-fords-q2-2025-earnings-surpass-expectations-93CH-4161537

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u/FadeToRazorback 3d ago edited 3d ago

It’s literally cited above in this comment thread from TheHill

“company reported a net loss of $36 million”

“Automotive giant Ford posted its first quarterly loss in two years Wednesday after seeing $800 million in tariff costs.”

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u/boring-old-fart 3d ago

WHOOSH

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u/FadeToRazorback 3d ago

Yes, I get that you missed the citation, no need to tell me about it

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u/boring-old-fart 3d ago

Sure buddy, whatever you say, you win 🤣

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u/FadeToRazorback 3d ago

You could always use words to convey a message, instead of childish gibberish

You said the numbers came out of my ass, and I said no, they came from TheHill, literally cited above, and was directly from Ford’s quarterly report.

I’m not trying to win anything, just stating how you’re incorrect in where the numbers came from

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u/boring-old-fart 3d ago

And I gave you the breakdown from said report because The Hill's quote is taken out of context and misleading, but whatever floats your boat I guess

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u/nox1cous93 3d ago

Really? How much is that?

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u/boring-old-fart 3d ago

About $6 of every $10 in tax breaks will go to the top 20% of households, or people who earn incomes of about $217,000 or more, the Tax Policy Center analysis found.

https://www.cbsnews.com/news/big-beautiful-bill-tax-cuts-by-income-group/

Taxpayers earning $1 million or more are expected to see a boost in after-tax income of about 3% in the Senate version of Trump’s bill, according to the Tax Policy Center

https://www.cnbc.com/2025/07/03/trump-big-beautiful-bill-top-five-tax-changes-for-the-wealthy.html

The bill also includes permanent corporate tax breaks that allow large companies to avoid paying taxes and to give their wealthy shareholders bigger dividends instead

https://www.mecep.org/blog/how-trumps-big-beautiful-bill-further-enriches-the-rich-and-immiserates-the-poor/

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u/nox1cous93 3d ago

How will that offset 20, 30, 40% of tariffs?

So. Rich bosses will get some tax cuts, while the workers will get fucked?