Huge Q2 for Ford Amidst Automotive Struggles

ford-q2-2022Ford Motor Company affirmed its positive outlook with an exclamation point as Q2 earnings obliterated estimates.

The automaker’s quarterly sales rose 1.8% year-over-year, an even more amazing feat in the face of stiff headwinds, inflation, rising rates, supply chain issues, and an automotive industry that was down double-digits in the same period.

Late Wednesday, Ford disclosed that Q2 earnings vaulted 423% to 68 cents. Revenue leapt 50% to $40.19 billion, driven by “a 35% increase in wholesale shipments together with favorable pricing and vehicle mix.”Wall Street expected Ford earnings to jump 244%, year over year, to 45 cents, according to FactSet. Total revenue was seen growing 38% to $36.871 billion.

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Ford Stock Jumps As Auto Giant Affirms Outlook, Hikes Dividend After Q2 Earnings Crush | Investor’s Business Daily

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