Ford Reports Top And Bottom Line Beat In Its Q4 Print, Shares Drive Higher

Shares of Ford Motor Company F were trading higher by more than 1 percent at $12.00 early Thursday morning after the company reported its fourth quarter results. Ford said that it earned $0.58 per share in its fourth quarter on revenue of $37.90 billion. Wall Street analysts were expecting the company to earn $0.51 per share on revenue of $36.40 billion. Ford's Fourth quarter pre-tax profit, excluding special items, totaled $2.6 billion, up $1.3 billion from the same quarter a year ago. Net income for the quarter totaled $1.9 billion, up $4.4 billion over the same time period. Ford stated that its global market share improved two-tenths of a percentage point to 7.3 percent from a year ago while its European operation returned to profitability. The company added its Asia-Pacific segment delivered its best-ever annual profit while North America and Ford Credit delivered "benchmark results." Ford also announced it will invest $4.5 billion by 2020 in electric solutions. "We promised a breakthrough year in 2015, and we delivered," said Mark Fields, Ford's President and CEO. " In 2016, we will continue to build on our strengths and accelerate our pace of progress even further, while transforming Ford into both an auto and a mobility company and creating value for all of our stakeholders."