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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100