Ford Raises Full-Year Profit Forecast After Q2 Beat
On Tuesday, Ford Motor Company announced its second-quarter adjusted earnings, which stood at 42 cents per share, exceeding Wall Street's consensus estimate of 35 cents per share, as reported by CNBC. Additionally, the automaker revised its full-year adjusted earnings before interest and taxes (EBIT) guidance, increasing it to a range of $10 billion to $11 billion, up from the earlier prediction of $8.5 billion to $10.5 billion. This positive revision is attributed to a performance in the quarter that was better than anticipated.
Key facts
- Ford reported Q2 adjusted earnings of $0.42 per share.
- Consensus estimate was $0.35 per share.
- Full-year adjusted EBIT guidance raised to $10B-$11B.
- Previous guidance was $8.5B-$10.5B.
- Results announced on Tuesday.
- Source: CNBC.
Entities
Institutions
- Ford Motor Company
- CNBC
Sources
- Quartz —