Ford Reports Strong Q2 Profit, Raises Full-Year Guidance
Ford Motor Company (NYSE:F) reported second-quarter adjusted earnings of $0.42 per share, surpassing analyst estimates of $0.30 and driving a more than 5% rise in premarket trading shares. Revenue reached $48.3 billion, exceeding expectations but declining by 4% year-over-year. Adjusted EBIT fell to $1.72 billion from the prior year's level due to operational challenges, yet still outperformed forecasts of $1.31 billion. The company raised its full-year adjusted EBIT guidance to a range of $10 billion to $11 billion and increased its free cash flow outlook to between $6 billion and $7 billion. Ford also maintained capital expenditure guidance at $9.5 billion to $10.5 billion, signaling continued investment in operations.
Tickers: $F
Topics: Automotive Profit Report Stock Performance