Ford stock gains as Q2 revenue jumps 12%
Ford Motor Co. shares rose nearly 3% in the extended session Thursday after the automaker posted profit that was about three times higher that last year’s and a 12% increase in its quarterly revenue, moving it to raise its outlook for 2023.
Analysts polled by FactSet expected Ford to report adjusted earnings of 54 cents a share on sales of $43.17 billion. On the positive side, “tailwinds” accounted for in the guidance included “improved” supply chain, higher industry volumes, upside from the its all-new Ford Super Duty truck and lower commodity costs, Ford said.
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