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Ford lifts guidance as Q2 results top estimates

nvesting.com -- Ford Motor lifted its guidance Thursday after reporting second-quarter results that topped Wall Street expectations

Ford Motor Company (NYSE:F) shares gained 1% following the report in afterhours trading.

The automotive company announced EPS of 72 cents on revenue of $45 billion. Analysts polled by Investing.com anticipated EPS of 53 cents on revenue of $43.04 billion.

Looking ahead, the company lifted its full-year 2023 adjusted EBIT to between $11 billion to $12 billion from $9 billion to $11 billion previously. 

The company also raised its expectations for full-year adjusted free cash flow to between $6.5 billion and $7 billion, with capital expenditures of between $8 billion and $9 billion. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.