Ford tops 2Q net income expectations, revenue forecasts

MarketsAssociated Press

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.

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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.