Ford Motor misses on top and bottom line

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Ford Motor delivered quarterly earnings and revenue that fell short of analysts' expectations on Tuesday.

Shares of the automaker moved lower in premarket trading following the announcement.

The nation's second-largest automaker posted first-quarter earnings of 23 cents per share, down from 25 cents a share in the year-earlier period.

Revenue fell to $31.8 billion from $33.9 billion a year ago.

Wall Street had expected the company to deliver quarterly earnings per share of 26 cents on $33.9 billion in revenue, according to consensus estimates from Thomson Reuters.

Last week, Ford announced that it would lay off about 700 workers from one of its Detroit production plants. The Michigan Assembly Plant in Wayne, Michigan makes compact and compact hybrid cars and will be cutting an entire shift. The company said the move is in response to lower demand for hybrid cars among lower gasoline prices.

Read More Ford's aluminum F-Series gets top safety rating

Earlier this month the company's F-series Supercrew edition received the highest safety designation given by the National Highway Traffic Safety Administration. The earlier F-series was made of steel and had received a four-star safety rating from the agency.

Shares of Ford have risen less than 1 percent over the past 12 months.

Last week, rival General Motors delivered earnings and revenue that fell short of analysts' expectations, as weakness in South America and Russia hurt demand.

Read More GM misses on the top& bottom line

-CNBC's Terri Cullen and Reuters contributed to this report.

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