By Connor Hart

Ford Motor posted higher revenue and net income for the fourth quarter, but its forecast for this year isn't as upbeat. The automaker guided for a significant drop in adjusted pre-tax earnings in 2025, citing deep losses generated by its electric-car business that will continue to weigh on profitability. In the recent quarter, Ford notched adjusted earnings of 39 cents a share on revenue of $48.2 billion, compared with analyst expectations for adjusted earnings of 34 cents a share on revenue of $47.4 billion. Shares fall 5.2%, to $9.49, in after-hours trading.

Qualcomm, one of the largest suppliers of communications and number-crunching chips that go into phones, reported record quarterly sales and healthy profits as rising sales of phone and automotive chips lifted its results. Intellectual property licensing revenue, however, came in at $1.54 billion, below the $1.56 billion that analysts were looking for. While narrow, the miss carries a little more weight, because the licensing segment has a high earnings before taxes margin of 75%. Shares decline 4.6%, to $167.74, in postmarket trading.

FormFactor issued a downbeat outlook and logged lower profits and revenue in the fourth quarter, hurt by slow demand across high unit volume markets. The provider of test and measurement technologies said it expects adjusted per-share earnings of 15 cents to 23 cents on revenue of $165 million to $175 million in the first quarter, missing analyst projections for adjusted earnings of 33 cents a share on revenue of $192.9 million. Chief Executive Mike Slessor said demand is soft across important markets, such as client PCs and mobile handsets. Shares tumble 29%, to $29.21, in after-hours trading.

Coherent, which makes and sells engineered materials, opto-electronic components and lasers, reported second-quarter financial results that beat Wall Street views. The company notched adjusted per-share earnings of 95 cents on revenue of $1.43 billion, ahead of analyst estimates for adjusted earnings 69 cents a share on revenue of $1.37 billion. Shares rise 12%, to $100.52, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 05, 2025 18:55 ET (23:55 GMT)

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