ford reported solid quarterly profits tuesday behind higher vehicle volumes and an improved operating performance but said vehicle pricing was becoming less favorable compared with last year thanks to strong results in conventional auto sales that offset losses in electric vehicles ford reported betterthanexpected first quarter results profits came in at 18 billion compared with a 31 billion loss in the yearago period connected to an accounting loss but ford maintained its fullyear targets pressuring shares as executives signaled an evolution from a period of exceptionally lean vehicle inventories of recent times that lifted sticker prices while pricing remained exceptionally strong in fords pro division aimed at commercial enterprises chief financial officer john lawler said pricing was about flat in ford blue which comprises bestselling trucks and iconic vehicles such as the mustang were starting to see in the blue segment a little bit more of a normalization of volume and demand lawler said on a briefing with reporters we expect that to continue to be more competitive as we go through the year lawler also described the macroeconomic environment as opaque at best given the drag from inflation and tightening credit conditions tuesdays results were the first under fords new reporting structure that includes separate financial details for evs the division which ford has likened to a startup experienced an operating loss of 722 million compared offset by profits in the other two ford businesses shares of ford dropped 24 percent to 1152 in afterhours trading