Ford Motor Co.'s net income jumped 44 percent to $1.9 billion in the second quarter as the company was able to charge more for new SUVs with premium features.
The profit of 47 cents per share compared with a profit of 40 cents per share a year ago. That beat Wall Street's expectations of a 37-cent profit for the April-June period, according to analysts polled by FactSet.
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Ford's global sales rose 2 percent during the quarter to nearly 1.7 million. Sales were up in North America and Europe but fell in South America, the Middle East and Asia.
Revenue fell slightly to $37.3 billion, hurt by the strong U.S. dollar. That beat analysts' expectations of $35.5 billion.
Ford earned a record profit of $2.6 billion in North America.