Ford Motor Reports Q2 Beat, Maintains Guidance, Shares Up 6%
<p><a href='https://financialmodelingprep.com/financial-summary/F'>Ford Motor Company (NYSE:F)</a> shares rose around 6% on Thursday following the company’s reported Q2 results, with EPS coming in at $0.68, better than the consensus estimate of $0.45. Revenue was $40.2 billion, compared to the consensus estimate of $37.05 billion.</p>
<p>The company reiterated its full 2022-year guidance for adjusted EBIT in the range of $11.5-$12.5 billion, and adjusted free cash flow in the range of $5.5-$6.5 billion.</p>
<p>The analysts at Deutsche Bank were a bit surprised with the strong positive post-market stock reaction to the company’s earnings beat and unchanged full-year outlook. </p>
<p>According to the analysts, Q2 certainly showcased solid operational execution with large volume improvement and continued pricing gains, resulting in EBIT-adjusted coming in $1 billion ahead of Street estimate, entirely in North America. But this outperformance also reflected $300-400 million in one-time gains and unusually strong volume and mix contributions in the quarter, as Ford was able to complete a large quantity of the unfinished truck units it had in inventory and ship them to dealers earlier than expected. </p>

NYSE:F