Market Overview

UPDATE: Ford Posts Upbeat Q2 Profit

Share:
Related F
Credit Suisse Prefers Ford Over General Motors Heading Into Q1 Print
Mike Khouw Sees Unusual Bearish Options Activity In Ford Motor
Ford Shines In Shanghai (Seeking Alpha)

Ford Motor Co (NYSE: 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.

Posted-In: profitEarnings News Guidance

 

Related Articles (F)

Around the Web, We're Loving...