Is Ford Motor Stock a Buy After Its Latest Earnings Report?
Ford missed consensus revenue estimates but raised its full-year guidance.
Overview
Despite a slight miss on revenue, shares of Ford Motor Co.traded more than 3% higher as of 1:13 p.m. ET today after the company raised its full-year guidance.
In the second quarter, Ford reported adjusted earnings per share of $0.42, $0.07 higher than Wall Street consensus estimates. Revenue of $44.89 billion missed estimates of $45.86 billion.
Details
Still, investors breezed past the revenue miss after the U.S. automaker raised its full-year adjusted EBIT guidance to between $10 billion and $11 billion, up from a prior range of $8.5 billion to $10.5 billion.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.