First-quarter results from Ford Motor blew away Wall Street’s expectations, but shares declined in after-market trading amid economic worries. Investors remain wary of highly cyclical auto stocks when many are predicting recession in the coming months. A similar thing happened to General Motors (GM) stock after it reported first-quarter numbers on April 25.
Source: https://www.barrons.com/articles/ford-earnings-stock-price-8275248e?siteid=yhoof2&yptr=yahoo