News
Ford Reported Results That Were Better Than Anticipated.
Ford reported second-quarter results that beat expectations, with upbeat forecasts fueled by strong profit growth.
It comes as investors questioned whether management would be able to follow rival General Motors (GM) in raising full-year forecasts.
Ford reported second-quarter auto revenue of $44.89 billion, versus the Bloomberg consensus estimate of $44.72 billion, with adjusted EPS of $0.42 versus the consensus estimate of $0.36. Adjusted EBIT was $2.5 billion compared to an estimate of $2.15 billion, translating to an adjusted EBIT margin of 5.2%, up 0.9% year-over-year.
A strong quarter and second-half guidance allowed Ford to raise its guidance, with the automaker now forecasting full-year adjusted EBIT of $10 billion to $11 billion (from $8.5 billion to $10.5 billion) and adjusted free cash flow of $6.0 billion to $7.0 billion (from $5.0 billion to $6.0 billion).
Ford CFO Sherry House said pricing, an improved mix that includes more expensive SUVs, and net exposure to tariffs led to the increase in guidance.
-
News7 days agoKaduna Governor Unveils 2026 Peugeot 3008 And 5008 SUVs, Urges Govt Patronage
-
Auto Sport1 week agoItalian GP: Lewis Hamilton Turns Heads With His Ferrari F40 — Why His “Dream” Car Is So Special
-
Celebrities Auto1 week agoChinese President Xi Jinping’s Impressive Motorcade Turns Heads In Egypt
-
Celebrities Auto4 days agoAfrobeats Star Kizz Daniel Splashes ₦1.6 Billion On Brand New 2026 Ferrari Purosangue SUV
-
News1 week agoToyota Hit By Long Waiting Times As The RAV4 Still Hasn’t Gotten To Customers
-
News5 days agoTop Auto News Last Week: Uber Exits Nigeria, Launches UK Robotaxi, Tesla Debuts Steering-Wheel-Free Cybercab, Kaduna Gov Unveils 2026 Peugeot 3008 And 5008
-
News1 week agoNo Steering Wheel, Brake Pedal: US Launches Probe Into Elon Musk’s ‘Cybercab’ Self-Driving Taxis
-
Celebrities Auto4 days agoBurna Boy’s ₦9 Billion Bugatti Chiron VXX: The Making By Venuum