Ford (F) shares rose on Wednesday after the Big Three automaker reported second quarter results that topped expectations, in addition to upbeat guidance driven by strong profit growth. Adjusted EBIT came in at $2.5 billion compared to $2.15 billion estimated, translating to an adjusted EBIT margin of 5.2%, up a strong 0.9% compared to a year ago. Ford stock popped almost 4% in premarket trade as investors assessed the earnings, after jumping over 8% soon after its release. Ford CFO Sherry House said in a press call that pricing, an improved mix including higher-priced SUVs, and net tariff exposure led to the guidance raise. House added that Ford's net tariff cost for the year would be "better than a billion."