Powered by record profits in North America, Ford Motor said Wednesday that its second-quarter net income increased 18.5% compared with a year ago, to $1.2 billion, or 30 cents a share.
On an adjusted basis without one-time charges, Ford earned $1.8 billion, or 45 cents a share, a 52.4% increase. That easily beat analysts' estimates of 37 cents a share, according to S&P Capital IQ.
The surge came on revenue of $38.1 billion, up 12.5%. In addition, Ford surprised Wall Street by saying it expects to do better in the second half than it had earlier forecast. And it says it may exceed last year's full-year pre-tax profits.
Source
USA Today