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Ford stock jumps 4% as Q2 beats expectations and sparks guidance upgrade
['Louis Juricic', 'Min Read']
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Revenue reached $48.3 billion—topping expectations of $47.51 billion—even as total top-line revenue dipped 4% year-over-year from $50.2 billion.
Adjusted EBIT climbed to $2.5 billion, up $0.4 billion year-over-year.
— Jim Farley, Ford President and CEOCommenting on the report, Barclays analysts said they believe the print "cleared elevated investor expectations."
Ford Blue: Delivered $1.1 billion in EBIT on $26.1 billion in revenue, with EBIT jumping $0.5 billion YoY.
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