Categories AlphaGraphs, Earnings, Industrials
Infographic: Highlights of Ford Motor’s Q2 2022 earnings report
Auto giant Ford Motor Company (NYSE: F) on Wednesday reported higher sales and earnings for the second quarter of 2022. The company’s stock gained following the announcement.
Second-quarter revenues rose 50% annually to $40.2 billion. Automotive revenue grew 57% to $37.9 billion, which is well above the estimates. The company reported earnings of $0.68 per share, on an adjusted basis, up from last year’s profit of $0.13 per share. The market had predicted a slower growth.
On a reported basis, it was a net profit of $667 million or $0.16 per share, compared to $561 million or $0.14 per share in the second quarter of fiscal 2021.
Check this space to read management/analysts’ comments on Ford’s Q2 2022 earnings
Ford’s stock entered 2022 on a high note and reached a record high in early January, before slipping back to the pre-peak levels in the following weeks. The stock closed Wednesday’s trading higher, and gained further soon after the earnings announcement.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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