00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Ford reported second quarter adjusted earnings of $0.42 per share,
00:07beating estimates of $0.35 per share, according to Benzinga.
00:11Revenue totaled $44.89 billion below the $45.81 billion consensus estimate.
00:17Ford Blue revenue rose 1% to $26.1 billion, Model E revenue fell 56% to $1 billion,
00:24and Ford Pro revenue declined 5% to $17.8 billion.
00:28The automaker generated $4.3 billion in operating cash flow
00:32and $2.1 billion in adjusted free cash flow during the quarter,
00:36while ending the quarter with $18.6 billion in cash-in-cash equivalents.
00:40Ford raised its full-year 2026 guidance to adjusted EBIT of $10 billion to $11 billion
00:46and adjusted free cash flow of $6 billion to $7 billion.
00:51The company also declared a quarterly dividend of $0.15 per share.
00:55Shares climbed more than 6% in after-hours trading following the results.
00:59For all things money, visit Benzinga.com.
Comments