July 24 (Reuters) -
Ford Motor(F.N), opens new tab reported a dip in second-quarter adjusted profit on Wednesday as the automaker continues to battle costly quality issues and an EV business that is weighing on its bottom line, sending shares tumbling 11% in after-hours trading.
The Detroit automaker earned an adjusted profit of 47 cents per share, significantly missing analysts' expectations of 68 cents, according to LSEG data.
Executives emphasized that Ford is continuing to root out structural inefficiencies and transform its gas-engine and EV operations, but Wall Street was not convinced.
