Ford Motor has dodged some of the pain and losses that rival General Motors experienced in the second quarter.
Ford reported Wednesday $40.2 billion in revenue, a 50% increase from the same period last year, and an adjusted operating income that tripled to $3.7 billion. Those figures, which absolutely crushed Wall Street expectations, sent shares up as much as 6% in after-hours trading. Shares have since settled and are up 5.18%.
Analysts polled by Yahoo Finance expected Ford to hit $34.78 billion in revenue and earnings per share of $0.45 on average. Ford reported second-quarter adjusted earnings per share of $0.68, up from $0.12 in Q2 2021.
That’s quite the turnaround from Ford’s first-quarter results when it reported a net loss of $3.1 billion largely driven by the loss in valuation o …
