Ford Stock Rises 3% After Company Beats 1Q Expectations

Ford Motor Co. shares rose 3.2% in pre-market trade Thursday after the company beat first-quarter revenue and earnings expectations. Earnings for the latest quarter rose to $2.5 billion, or 68 cents per share, compared with $1.2 billion, or 29 cents per share, in the same period a year ago. The FactSet EPS consensus was 46 cents. Revenue rose to $37.7 billion from $3.8 billion, beating the FactSet consensus of $35.6 billion. The company said in 2016 "continue to expect another strong year with sustained strong financial performance and returns and profitability across all parts of the business except South America." The stock gained 16.7% over the last three months, compared with a 10.7% rise in the S&P 500 .

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