Ford Q2 Earnings Highlights: Revenue Beat, EPS Beat, EV Revenue Up 39% Year-Over-Year, Production Updates And More
Portfolio Pulse from Chris Katje
Ford Motor (NYSE:F) reported Q2 revenue of $45.0 billion, up 12% YoY, beating the Street consensus estimate of $40.38 billion. EPS was 72 cents, also beating the estimate of 55 cents. Revenue by operating segment showed growth in all areas, with Ford Model E revenue up 39% YoY. The company raised its full-year adjusted EBIT to a range of $11 billion to $12 billion and free cash flow guidance to a range of $6.5 billion to $7 billion. Ford shares are up 2% in after-hours trading.
July 27, 2023 | 8:42 pm
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Ford's Q2 results exceeded expectations with significant YoY growth and raised full-year guidance. This positive news has already resulted in a 2% increase in after-hours trading.
Ford's better-than-expected Q2 results and raised full-year guidance indicate strong performance and positive outlook, which is likely to boost investor confidence and drive the stock price up in the short term.
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