Ford tops 2Q net income expectations, revenue forecasts

DEARBORN, Mich. (AP) — Ford Motor Co. (F) on Tuesday reported second-quarter earnings of $1.89 billion.

On a per-share basis, the Dearborn, Michigan-based company said it had profit of 47 cents.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The automaker posted revenue of $37.3 billion in the period, which beat Street forecasts. Seven analysts surveyed by Zacks expected $35.93 billion.

Ford shares have decreased 6 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on F at http://www.zacks.com/ap/F

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Keywords: Ford, Earnings Report, Priority Earnings

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This story was corrected to show that Ford's revenue was $37.3 billion, not $35.1 billion. Revenue came in above, not below, the expectation of analysts surveyed by Zacks.