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Ford Motor Announces 2nd Quarter Results
Ford Motor on Wednesday reported second-quarter earnings that beat Wall Street expectations on both the top and...
Yazar: Charles Porter
Yayınlanma: 28 Temmuz 2022 06:33
Güncellenme: 8 Kasım 2024 18:39
Ford Motor Announces 2nd Quarter Results
Ford Motor on Wednesday reported second-quarter earnings that beat Wall Street expectations on both the top and bottom lines, driven by strong performance that helped offset rising auto prices and rising costs in North America.
Ford Motor Company (NYSE:F) shares gained 8% in after-hours trading following the report. The automotive company posted earnings per share of 68 cents on revenue of $ 37.90 billion. Analysts surveyed by Investing.com expected earnings per share of 45 cents on revenue of $ 37.05 billion. Looking forward, the company maintained its full-year 2022 guidance for adjusted EBIT of $11.5 billion to $12.5 billion and adjusted free cash flow of $5.5 billion to $6.5 billion, representing growth of 15% to 25% from last year.You May Also Be Interested In:
What is Earnings Season and What to Look for in Earnings Reports? WHAT IS EARNINGS SEASON AND WHY IS IT IMPORTANT? Earnings season is a period each fiscal quarter, usually lasting several weeks, when many of the largest listed companies release their latest financial accounts. An earnings report consists of revenue, net income, earnings per share (EPS) and forward-looking outlook, as well as many other data points that can help provide investors with insight into the company's current health and outlook. This information can be found on sec.gov, in various financial publications and on companies' own websites. https://ieconomy.io/en/what-is-earnings-season-and-what-to-consider-in-earnings-reports/İLGİLİ HABERLER
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