UPDATE: Ford Posts Upbeat Q2 Profit

Ford Motor Co F reported a rise in its second-quarter profit and lifted its view for the year. Ford's quarterly profit surged to $1.23 billion, or $0.30 per share, versus a profit of $1.04 billion, or $0.26 per share, in the year-ago period. Excluding one-time items, Ford earned $0.45 per share. Its revenue increased to $38.1 billion from $33.3 billion. However, analysts were projecting earnings of $0.37 per share on revenue of $34.94 billion. Ford shares gained 3.19% to $17.48 in pre-market trading.