Ford shares plunge after earnings fall short, guidance disappoints

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Ford shares plunge after earnings fall short, guidance disappoints
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Correction: Ford reported earnings of 28 cents per share, vs. 31 cents per share expected

For 2019, Ford expects to earn $1.20 to $1.35, on an adjusted basis, compared with $1.

30 a year earlierFord, which has slashed thousands of jobs this year, is also investing $11 billion by 2022 in electric and hybrid vehicles.Correction: Ford earned 28 cents per share in the second quarter, falling short of analyst estimates. A previous version of this story excluded a loss from an investment in Pivotal Software.

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