Ford just announced Q2 financial results that were better than expected.
Earnings per share climbed to $US0.40, beating analysts’ estimate of $US0.36.
Revenue of $US37.4 billion was higher than the $US36.29 estimated.
“All Automotive business units contributed to the company’s pre-tax profit and all improved from a year ago, except South America,” said management. “North America achieved record quarterly performance for pre-tax profit, and Asia Pacific achieved a second quarter record. Europe earned its first quarterly profit since the market dramatically declined three years ago.”
Ford shares are up 0.1% in premarket trading.
Here’s a look at management’s outlook for the industry: