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Ford second quarter beats expectations thanks to F-Series sales

Ford has also upgraded its earnings forecasts for the full year.
Ford F Series truck
Ford F-Series truck

Ford Motor Company (NYSE:F) has released second quarter financials ahead of market expectations.

The car maker reported revenue of US$39.9bn, above expectations for US$37.1bn, and earnings came in at 56 US cents per share compared to the consensus of 43 US cents. Pre-tax profit was reported at US$2.5bn.

“This quarter shows the underlying health of our company with strong products like F-Series and commercial vehicles around the world, but we have opportunity to deliver even more,” said chief executive Jim Hackett.

Additionally, Ford has also upgraded its earnings forecasts for the full year, now estimated between US$1.65 to US$1.85 per share.

Ford’s stronger than expected second quarter was boosted by the performance of the group’s financing arm and sales for the F-Series truck.

Ford shares shed 2.53% to $10.98 in New York.

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